The Dollar remains mixed. The economists of Scotiabank They analyze the prospects of the Dollar.
The Dollar could weaken after the FOMC
With the risk of a more hawkish Fed removed, the path to a somewhat softer USD appears to be a little clearer – if only to correct some of its recent gains that developed around concerns that the CPI data recently could change the Fed's view on the outlook for rates.
The DXY closed negative on Wednesday, losing ground overall and signaling a technical reversal in its recent strength. However, so far this day, the Dollar has performed mixed. But the USD's gains are not enough – at this time – to prevent further losses in response to the FOMC decision and lower US yields.
The DXY is at risk of giving up another 0.75%-1% in the near term, at least.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
