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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