USD Index: Gains are showing signs of moderating and possibly reversing – Scotiabank

The USD is trading mixed to slightly firmer as markets show signs of calming after the volatility seen earlier in the week. Economists at Scotiabank analyze Greenback’s outlook.

A lower close today would point to some corrective – bearish – pressure developing

The USD has had a solid week but gains are showing signs of moderating (and possibly reversing) on the charts. 

A lower close on the day would be a technical negative for the DXY and point to some corrective (bearish) pressure developing.