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Dovish commentary from Federal Reserve Chairman Jerome Powell and the impending provision of additional fiscal support will probably keep USD on the backfoot against its counterparts.
The Euro-area’s cumbersome vaccine rollout, in tandem with a notable rise in inflation expectations, may cut short the Euro’s recovery against the US Dollar.
The Australian Dollar longer-term outlook remains bullish however, the cyclically-sensitive currency could slip lower against the US Dollar and Japanese Yen in the short term ahead of the RBA inter...
Canadian Dollar Outlook: USD/CAD to Push Higher as Risk Appetite Fades 2021-01-29 07:30:00 Daniel Moss, Analyst Canadian Dollar, Bank of Canada, Coronavirus Restrictions, USD/CAD, IGCS – Talking Points: Risk appetite continued to wane during APAC trade, sending equity markets sliding lower. The Canadian Dollar’s recent weakness may prove short-lived as coronavirus cases notably decline. USD/CAD may extend its push to fresh yearly highs after clearing key resistance. Advertisement Asia-Pacific Recap ...
US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC 2021-01-27 07:30:00 Daniel Moss, Analyst US Dollar Index, DXY, Federal Reserve Interest Rate Decision, FOMC, Coronavirus – Talking Points: Equity markets crept cautiously higher during APAC trade. USD could come under further pressure as the FOMC rate decision shifts into focus. The US Dollar Index (DXY) at risk of extended declines as price carves out a bearish Head and Shoulders pattern. Advertisement Asia-Pacific Recap Equity mark...