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| Scotiabank Economists: Losses for the Dollar Unlikely to Extend Significantly |
Economists at Scotiabank suggest that despite the recent decline of the USD due to improving risk appetite, significant losses for the currency are unlikely to occur. The greenback has fallen against all major currency peers on the session, reflecting improving risk appetite and focus on peak Fed policy.
However, investors are waiting for the Federal Reserve's policy outlook at next week's FOMC decision before making any significant moves. Until then, the losses for the dollar are unlikely to extend significantly. Despite the embrace of risk and increased confidence in the market, the USD is expected to remain relatively stable.
