The positive feeling of the US dollar (USD) observed so far in July (which largely reflects the demand for short coverage after the rapid fall of the USD in the first half of the year) can be stagnating, Shaun Osborne and Eric Theoret, FX chief strategy of Scotiabank FX.
The USD generally operates as the bullish feeling vanishes
“In the short term, the comments of the governor of the Fed, Waller, a well -known dove, asking for lower rates now, have helped stop the USD towards the end of the week, although the Swaps assess The best expected data yesterday may be weighing more in the feeling of the USD.
“That could reflect concerns that uncertainty about tariff Treasury term has expanded in about 18 basic points since the beginning of July, while inflation swaps in the US Fed, none of which can be positive for the prospects of the dollar. ”
“Until now in the day, the Nok and the SEK lead the profits against the USD, while the JPY remains little changed and is a moderate lag decelerated at the back of this week around the 50 -day mobile average, where the recotes of the dollar reached its maximum point in May and June.
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.
