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fxJun 24, 2026, 7:34 PM

USD Strengthens on Higher-for-Longer Fed Outlook, Haven Demand – Scotiabank

The US Dollar extends its firmer tone, driven by expectations of a prolonged hawkish Fed, safe-haven flows, and mixed equity markets, according to Scotiabank strategists.

DXY

Scotiabank strategists Shaun Osborne and Eric Theoret note that the US Dollar (USD) is strengthening, supported by a higher-for-longer Federal Reserve outlook, some haven demand, and mixed global equities. The US Dollar Index (DXY) is pushing toward 102, with stronger resistance seen in the upper 102 area. The firm tone comes amid stretched positioning, suggesting the rally may be extended but remains intact for now.

Source: FXStreet Forex News