1 May 2015
Credit Agricole: USD dips remain a buy – eFXnews
FXStreet (Barcelona) - Strategists at Credit Agricole suggest buying any USD dips, specifically against the CHF, and expect and downside for the dollar to stand limited, as noted by eFXnews.
Key Quotes
“Looking ahead, we stick to the view that the Fed will consider higher rates in September this year, especially as inflation expectations have remained well supported regardless of weaker growth momentum.”
“This in turn suggests there is limited room of falling central bank rate expectations, what should keep USD downside limited from the current levels.”
“As a result to the above outlined conditions we remain of the view that USD dips should be bought, for instance against the CHF. We remain long the cross.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Looking ahead, we stick to the view that the Fed will consider higher rates in September this year, especially as inflation expectations have remained well supported regardless of weaker growth momentum.”
“This in turn suggests there is limited room of falling central bank rate expectations, what should keep USD downside limited from the current levels.”
“As a result to the above outlined conditions we remain of the view that USD dips should be bought, for instance against the CHF. We remain long the cross.”
This content has been provided under specific arrangement with eFXnews.