USD extends its strength – Danske Bank

FXStreet (Edinburgh) - The greenback continues unabated its march north, observed Senior Analyst Sverre Holbek at Danske Bank.

Key Quotes

“The USD uptrend resumed yesterday. Clearly, higher US rates are the immediate driver but there are other factors at work”.

“In particular, we continue to flag the USD’s increasing role as an asset currency, where US returns are simply higher whether one looks at bonds, equities or real estate”.

“That will continue to support the USD even without higher US rates”.