May’s outlook for Americas – Scotiabank
By FXStreet Analysts at Scotiabank offered the month’s outlook for the Americas.
Key Quotes:
“USD weakness remains a key factor shaping flows in foreign exchange markets in both major and developing currencies.
Excess global liquidity, endorsed by ultra-low interest rates in North American and European central banks, continues to prolong the quest for yield in emerging markets. Commodity-linked currencies enjoy a broad-based positive momentum.
The sharp CAD and MXN appreciation may lead to a near-term stabilization phase.”
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Source:: FX Street
