If there is dollar weakness, it will be brief - Westpac

Analysts at Westpac explained that their model, macro and technical scores are heavily biased in the USD’s favour for another week. 

Key Quotes:

"Yield fuelled USD gains are likely extend into the Italian referendum (4 Dec), ECB (8 Dec) and FOMC (14 Dec), though some caution warranted over the potential for a replay of Dec 2015 which saw decent USD gains into the ECB and the Fed and a post-event reversal: the ECB could underwhelm on QE extension and the Fed likely delivers a (fully priced) “dovish” hike. 

USD weakness likely to be brief though given various other tailwinds: 1) another potential HIA; 2) a more hawkish composition to the Fed’s Board when Trump fills two vacancies; and 3) “EMU break-up tail risks” due to 2017 European elections."