12 Jan 2015
USD rise to continue – TDS
FXStreet (Barcelona) - The TD Securities Team expects USD’s rise to continue with DXY rising 2% since 2015 began, and see any probable USD weakness as a ’buy-on-dips’ opportunity.
Key Quotes
“The market-weighted USD index (DXY) is up more than 2% so far in 2015, reflecting our expectations that that big dollar would continue to perform strongly in 2015.“
“The market’s response to Friday’s NFP data highlights the risk of some turbulence during the USD’s flight higher, however, and this week may bring a little more of the same.”
“Deflationary pressures are boosting expectations that the ECB will deliver something at the January 22nd policy meeting but the run of key US data releases this week are not immune to similar pressures.”
“Falling energy prices are likely to be a common thread running through this week’s US numbers (headline CPI is liable to fall sharply Friday and will be reflected in PPI, import price data and headline retail sales as well).”
“We think scope for USD weakness remains limited at present, however, and continue to view USD dips as a buying opportunity.”
Key Quotes
“The market-weighted USD index (DXY) is up more than 2% so far in 2015, reflecting our expectations that that big dollar would continue to perform strongly in 2015.“
“The market’s response to Friday’s NFP data highlights the risk of some turbulence during the USD’s flight higher, however, and this week may bring a little more of the same.”
“Deflationary pressures are boosting expectations that the ECB will deliver something at the January 22nd policy meeting but the run of key US data releases this week are not immune to similar pressures.”
“Falling energy prices are likely to be a common thread running through this week’s US numbers (headline CPI is liable to fall sharply Friday and will be reflected in PPI, import price data and headline retail sales as well).”
“We think scope for USD weakness remains limited at present, however, and continue to view USD dips as a buying opportunity.”