External broker reports(aggregated public sources), Scotiabank

Scotiabank

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>The potential for a USD rebound following its sharp, Q4 2023 decline, has been building for a little while now.</li><li>The seeds of a dollar recovery were planted in late December when the USD recovered from its late year slide as long-term US yields strengthened from the 3.80% level reached late last month.</li><li>Strongly USD-positive seasonality in Q1 provided some additional support for the idea of a recovery while the charts signaled the potential for a USD bounce via a number of USD-positive, short– and medium-term price signals that developed over the turn of the year. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The potential for a USD rebound following its sharp, Q4 2023 decline, has been building for a little while now.The seeds of a dollar recovery were planted in late December when the USD recovered from its late year slide as long-term US yields strengthened from the 3.80% level reached late last month.Strongly USD-positive seasonality in Q1 provided some additional support for the idea of a recovery while the charts signaled the potential for a USD bounce via a number of USD-positive, short– and medium-term price signals that developed over the turn of the year. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - USD Rebound Develops a Little More Traction