FXStreet (Edinburgh) – Chief Analyst at Danske Bank Arne Rasmussen noted the prospects of the greenback remain on the bullish side for the upcoming periods.
Key Quotes
“The USD strengthened broadly on Friday following the July non-farm payrolls report which is fair in our view as market expectations had been revised lower after the weak ADP report”.
“Fundamentally, the USD should strengthen further in the coming months on a likely steepening of the 0-2Y part of the US Treasury curve. In particular, we expect the USD to strengthen versus emerging market currencies with large current account deficits such as TRY and ZAR”.
“We also expect the USD to strengthen against low-yielding G10 currencies such as the EUR, JPY, CHF and SEK”.
(Market News Provided by FXstreet)