Scotiabank: CPI data may reinforce the overall downward trend of the US dollar
According to Golden Ten Data, ChainCatcher reports that Scotiabank's Chief FX Strategist, Shaun Osborne, stated that although the data contains some noise and a certain degree of caution is still required regarding this data release, the decline of the US dollar may not be excessively amplified. However, combined with yesterday's downward trend, this should reinforce the market's overall impression of a downward trend for the US dollar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI drops to near $92.50 on potential US-Iran deal
Costco (COST.US) Q4 revenue and profit surpass expectations, paid membership growth falls short of forecasts
Costco (COST.US) announced its financial results for the fourth quarter of fiscal year 2026, ending on August 30.
S&P 500's Recent Flat Close Hides a Brutal Split Underneath
As Yields Break Records, Tom Lee Sees an Upside, But Only for the Strongest
Crypto prices
More
