US CORE PCE PREVIEW: ELEVATED DATA MAY LIFT THE USD – SCOTIABANK

avatar
· 閱讀量 52


The USD is rounding out the week on a firm note. PCE deflator data today may support a rise, economists at Scotiabank report. 


Broader gains in the DXY may extend another 1-2% in the next few weeks

“Hawkish Fed perspectives and positive seasonal patterns are boosting the USD generally and further gains, which serve to correct some of the late 2022/early 2023 decline in the DXY, look likely to develop in the next few weeks.”


“Minor USD dips remain a buy, with technical signals suggesting a well-established bull trend is developing on the short-term charts at least. Broader gains in the DXY may extend another 1-2% in the next few weeks.”


“Only a modest deceleration in core PCE is expected in Jan (4.3% YoY, from 4.4%); elevated data may lift the USD.”


See – US Core PCE Preview: Forecasts from eight major banks, meaningful acceleration

風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest