USD to remain under pressure if concerns dissipate – OCBC DollarIndex RiskAppetite Gold USDJPY Banks
trades little changed as markets continue to adopt a cautious stance. Economists at OCBC Bank expect the greenback to come under renewed downside pressure if concerns around the banking system ease.“On net, the mix of growth worries, lingering concerns of banking stresses could temporarily benefit safe haven proxies such as JPY, Gold and USD in the interim. But if concerns dissipate, we should expect USD to remain under pressure with risk proxies should recover.
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