USD rebounds look there for the selling now, Shaun Osborne, Chief FX Strategist at Scotiabank, reports.
USD rebounds remain possible
I expect the USD to trade with a softer bias overall going forward.
USD rebounds remain possible – especially considering year-end volatility risks – but DXY gains to 106.50 look a stretch from here. DXY gains to the mid/upper 105s may be about as much as we can expect.