Scotiabank Market Points
Scotiabank Market Points
Scotiabank Global Banking and Markets
Currency outlook: Expectations for the US dollar
19 minutes Posted Aug 14, 2020 at 7:24 pm.
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While US COVID-19 case numbers have risen drastically over the last few months the US dollar has slid, with the US dollar index off over 10% since its March peak. Typically, in times of global crisis the dollar acts as a safe haven, but there are several forces at play this time around that are contributing to dollar depreciation. In this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist at Scotiabank, returns to the podcast to triage the ailing greenback.