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The US Dollar (USD) trades firmer but scope for gains is limited, analysts at Scotiabank say.
Certainly, in the short run markets are unlikely to take any large positions on the USD ahead of Chairman Powell’s comments on Wednesday.
More broadly, the overall USD trend continues to look a little frayed around the edges.
This week’s risk events could support moderate USD gains in the short run but the general tone in the USD since its mid-February peak has been soft and weakness risks extending below DXY support around 103.75.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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