DXY Recovery Cap at Low 107 Looks a Little Firmer – Scotiabank

The Dollar is trading between mixed and slightly upward in general terms. The economists of Scotiabank They analyze the prospects of the Dollar.

Instability in trade since late September reflects ‘late cycle’ activity

The fact that the dollar failed to advance on Tuesday thanks to better-than-expected data and higher yields supports the impression that the DXY’s choppy – but essentially flat – trading since late September reflects “late cycle” activity. “, as investors consider the peak of the Fed’s tightening cycle and the peak of the US economy.

The DXY recovery cap at the low 107 zone looks a little stronger.

Furthermore, tensions in Gaza increased further following Tuesday’s explosion in a hospital, which has inevitably triggered reactions from regional actors to the start of President Biden’s visit. Meanwhile, the saga of the Senate spokespeople continues to limp along for another day, with little prospect of resolution, and the risks of a government shutdown increase.

Source: Fx Street

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