scotiabank

According to Jin Ten, Shaun Osborne, Chief Foreign Exchange Strategist at Scotiabank, stated that despite the noise in the data, a certain level of caution should be maintained regarding this data release, and the decline of the dollar may not excessively widen. However, combined with yesterday's downward trend, this should reinforce the market's overall impression of a downward trend for the dollar.

According to Jin Ten, the team at Scotiabank stated that the US dollar has weakened against most currencies this year, but this comes after years of appreciation.Analysts Sean Osborne and Eric Theoret believe that the dollar will generally weaken, expecting this trend to continue into 2026 and extend into 2027. Scotiabank expects the Federal Reserve to lower the target rate to 3% in the first half of 2026.

ChainCatcher news, according to Jinshi reports, Canadian Imperial Bank of Commerce forex strategist Eric Theoret pointed out that Powell's remarks did not reach the dovish level that the market originally expected. He stated that Thursday's optimistic economic data, combined with the heavy selling pressure the dollar faced earlier in the week, was enough to drive a rebound in the dollar. Theoret believes that the market's balance was already completely tilted to one side, so it requires significant momentum to push the dollar down further from its current level.