Dollar remains vulnerable - BBH

Dollar remains vulnerable - BBH

31 March 2016, 14:06
Vasilii Apostolidi
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Research Team at BBH, suggests that the dollar remains vulnerable as markets continue to pile into the foreign currencies and EM FX. 



“The implied yield on the December 2016 Fed Funds futures contract is now around 0.54%, the lowest since February 29. That's less than one 25 bp hike priced in this year. Note also that the 2-year US-German rate differential is currently around 124 bp, the lowest since February 18. The euro made a marginal new high for this move, and is testing the $1.1375 high from February 11. After that is the October high near $1.15.”

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