External broker reports(aggregated public sources), Scotiabank

Scotiabank

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>The USD’s July rebound has extended further than we expected.</li><li>The DXY rose every day in July through yesterday, an unusually persistent string of net gains which, if the July 4th is included, stretched to 11 sessions.</li><li>Typically, developed market currency moves rarely extend for more than 10-12 sessions (up or down) before a consolidation or reversal develops. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The USD’s July rebound has extended further than we expected.The DXY rose every day in July through yesterday, an unusually persistent string of net gains which, if the July 4th is included, stretched to 11 sessions.Typically, developed market currency moves rarely extend for more than 10-12 sessions (up or down) before a consolidation or reversal develops. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - USD Rebound May Stall on Fed Chair Volatility