FXStreet (Edinburgh) – Lee Hardman, Currency Analyst at BTMU, sees pullbacks in the greenback to be fairly shallow.
Key Quotes
“We continue to expect the US dollar to strengthen further as the Fed begins to raise interest rates before year end”.
“Even a gradual pace of Fed tightening would appear relatively hawkish in contrast to increasingly negative developments overseas”.
“Short-term yield spreads are likely to continue moving in the US dollar’s favour offering support for a stronger US dollar. As a result the modest setback for the US dollar overnight is likely to prove short-lived”.
(Market News Provided by FXstreet)