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GLOBAL ECONOMICS & FOREIGN EXCHANGE STRATEGY | …
1 July 3, 2018 GLOBAL ECONOMICS | SCOTIABANK S GLOBAL OUTLOOK Visit our web site at or contact us by email at FOREIGN EXCHANGE The US dollar (USD) retains a firm undertone and has rather out-performed relative to our (and others) expectations over the past quarter. The currency weakened steadily through late 2017 and into early 2018 amid fears over dysfunction in Washington and a growing appreciation among investors for the improving fundamental prospects outside of the USA. The USD s recent rebound has been quite abrupt, however, driven by position-adjustment initially but fueled more recently by a jolt of political concerns in Europe and the ongoing focus on trade discussions between the US and its major trading partners.
September 7, 2018 GLOBAL ECONOMICS & FOREIGN EXCHANGE STRATEGY Foreign Exchange Strategy
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