USD to trade with a softer bias overall going forward – Scotiabank

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.

See: Markets will likely again chase the weak USD story once more at the turn of the new year – Nordea