USD expected to gather further traction – Danske Bank

Thomas Harr, Global Head of FICC Research at Danske Bank, believes the greenback could edge higher in the next periods.

Key Quotes

“The market has become overly pessimistic on US growth in our view”.

“The USD has bottomed and will strengthen near term, particularly versus European currencies”.

“The window for higher euro yields has closed on Brexit risks and flows”.

“Brexit risks, a stronger USD and falling China credit growth suggest that the risk rally will fade near term”.