The USD ended last week on the defensive. Economists at Scotiabank analyze Greenback’s outlook.
Volumes may pick up in the next day or so
The USD retains a weak undertone to start the new week and continued USD softness looks the main risk for markets in the near-term at least as investors adjust to the USD’s reduced growth and yield advantages.
Trading is relatively becalmed today after the US Thanksgiving break; volumes may pick up in the next day or so around the more important data releases ahead and month-end.
Source: https://www.fxstreet.com/news/soft-usd-trend-set-to-extend-scotiabank-202311271403