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19 Mar 2015
USD prospects keep pointing north – BBH
FXStreet (Edinburgh) - The research team at BBH sees the greenback could now push higher following the reaction post-FOMC.
Key Quotes
“The dollar's dramatic decline was a function of a too dovish read of the FOMC and an expression of the extreme market positioning”.
“Medium and long-term investors have seized the opportunity to buy dollars and the greenback has recouped much of the ground lost yesterday”.
“We remain unrepentant dollar bulls. The shake-out leaves the market in a better technical position to resume the dollar's advance”.
“We expect the US economic data will begin improving as the weather improves, the port dispute ends and the income generated by the robust improvement in the labor market is spent”.
“At the same time the divergence theme, the major driver of the dollar's rally remains very much intact”.
Key Quotes
“The dollar's dramatic decline was a function of a too dovish read of the FOMC and an expression of the extreme market positioning”.
“Medium and long-term investors have seized the opportunity to buy dollars and the greenback has recouped much of the ground lost yesterday”.
“We remain unrepentant dollar bulls. The shake-out leaves the market in a better technical position to resume the dollar's advance”.
“We expect the US economic data will begin improving as the weather improves, the port dispute ends and the income generated by the robust improvement in the labor market is spent”.
“At the same time the divergence theme, the major driver of the dollar's rally remains very much intact”.