A bit more USD strength seems more likely than not in the coming weeks – Scotiabank

The US Dollar (USD) is poised to notch up a solid gain on the week. Economists at Scotiabank analyze Greenback’s outlook.

The underlying trend remains USD positive in general

The underlying trend remains USD positive in general and a bit more USD strength overall seems more likely than not in the coming weeks.

Fed repricing, USD bullish seasonal trends and supportive medium term technical pointers all suggest that the US Dollar is likely to strengthen or at least remain better supported for now.