USD loses ground as risk appetite rebounds. But the greenback is unlikely to fall significantly, in the view of economists at Scotiabank.
“Improving risk appetite and focus on peak Fed policy represent headwinds for the USD broadly; intraday patterns reflect this, with the USD down against all its major currency peers on the session.”
“Losses for the big Dollar seem unlikely to extend significantly until investors get a sense of the Fed policy outlook at next week’s FOMC decision, however.”
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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.19% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.