Scotiabank: Market balance tilts towards dollar rebound
2025-09-19 09:16:55
Eric Theoret, currency strategist at Scotiabank, noted that Mr. Powell's comments were not "as dovish as the market would have expected". He said Thursday's upbeat economic data, combined with heavy selling on the dollar at the start of the week, were enough to push the dollar back. "The market's sky is completely tilted to one side, so it would take a lot of momentum for the dollar to fall more from where it is today," Mr. Theoret said.
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