Soft USD trend set to extend – Scotiabank

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.