For months, FX markets have been guided by rallying equities, but now the equity market lacks the bulletproofs of weeks ago as the Fed has somewhat dampened expectations. That's the key reason for me to be bullish USD at current levels.
The Fed is not adding anything new at the moment and, in addition, Europe is unlikely to recover faster than the US, in my opinion, so EUR optimism and USD pessimism should be reviewed at this juncture. I still expect greater EURUSD downward pressure in the near future.
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The Fed is not adding anything new at the moment and, in addition, Europe is unlikely to recover faster than the US, in my opinion, so EUR optimism and USD pessimism should be reviewed at this juncture. I still expect greater EURUSD downward pressure in the near future.