FXStreet (Edinburgh) – According to analysts at TD Securities, a consolidation period could lie ahead for the greenback.
Key Quotes
“Consolidation since March looks to be nearly over”.
“With EZ risks diminished, the focus is back on the Fed. An explicit signal for a Fed hike in September is near-term USD positive, but USD strength is looking increasingly mature from a longer-term point of view”.
“We prefer to be selectively long vs. ccys where central banks may be actively easing. With a hawkish BOE, the end is near for a singular focus on USD strength”.
(Market News Provided by FXstreet)