USD: Defensive trading persists – BBH
Ni FXStreet Insights Team
Petsa ng Pag-publish: 27 Jan 2026 | Petsa ng Pag-edit: 27 Jan 2026
Sikat na Artikulo
Brown Brothers Harriman's (BBH) report indicates that the USD continues to trade defensively, with expectations for the dollar index (DXY) to hold above its July and September 2025 lows.
Brown Brothers Harriman's (BBH) report indicates that the USD continues to trade defensively, with expectations for the dollar index (DXY) to hold above its July and September 2025 lows. Structural drags on the USD, such as fading confidence in US trade policy and worsening fiscal credibility, could lead to a decline. The report also highlights potential risks from official intervention to weaken USD/JPY.
USD trading outlook remains cautious
"We expect the dollar index (DXY) to hold above its July and September 2025 lows. USD has undershot the level implied by rate differentials and resilient US economic activity suggests the Fed can afford to be patient before resuming easing."
"However, structural drags on USD - fading confidence in US trade and security policy, politicization of the Fed, and worsening US fiscal credibility - could outweigh the more neutral cyclical USD backdrop and pull USD lower, like in Q2 last year."
"Moreover, risk of additional official intervention to weaken USD/JPY can spill over into broader USD weakness against other major currencies."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
