Richard Franulovich of Westpac, maintains a bullish view on USD over the medium-term, suggesting that USD index is a buy into 93.5.
Key Quotes
“The USD’s uptrend remains in good shape, certainly as long as the Fed continues to cement expectations for a mid-2015 liftoff while most if not all the Fed’s G10 peers are tacking toward easier policy.”
“Upside progress though is likely to be a more staccato affair from here with positions indisputably lopsided, yield spreads not pushing as consistently in the USD’s favour as was the case in 2014H2 and related to that, our US data surprise index slowly dribbling lower too.”
“We stick with a bullish USD view on a 1 and 3 month horizon. USD index a buy into 93.5.”
Key Quotes
“The USD’s uptrend remains in good shape, certainly as long as the Fed continues to cement expectations for a mid-2015 liftoff while most if not all the Fed’s G10 peers are tacking toward easier policy.”
“Upside progress though is likely to be a more staccato affair from here with positions indisputably lopsided, yield spreads not pushing as consistently in the USD’s favour as was the case in 2014H2 and related to that, our US data surprise index slowly dribbling lower too.”
“We stick with a bullish USD view on a 1 and 3 month horizon. USD index a buy into 93.5.”
