29 Apr 2015
Buy the dips in USD – ANZ
FXStreet (Edinburgh) - Analyst Richard Yetsenga at ANZ considers the current dip in the greenback as a buying opportunity.
Key Quotes
“Currencies will further benefit if the Fed remains on hold into H2 2015. Medium term, however, we doubt such a move will persist”.
“Certainly it’s hard to believe that there wouldn’t at some point, be a genuine global growth scare wrapped up in that”.
“That is also likely to contribute to the trend improvement in the US trade deficit, which has been an important element of the USD’s uptrend in recent years”.
“As such, weakness in the USD is likely to present a medium-term buying opportunity”.
Key Quotes
“Currencies will further benefit if the Fed remains on hold into H2 2015. Medium term, however, we doubt such a move will persist”.
“Certainly it’s hard to believe that there wouldn’t at some point, be a genuine global growth scare wrapped up in that”.
“That is also likely to contribute to the trend improvement in the US trade deficit, which has been an important element of the USD’s uptrend in recent years”.
“As such, weakness in the USD is likely to present a medium-term buying opportunity”.