30 Apr 2015
USD could resume the upside in H2 – Scotiabank
FXStreet (Edinburgh) - Camilla Sutton, Chief FX Strategist at Scotiabank, sees the greenback picking up pace towards the second half of the year.
Key Quotes
“The very near term is likely a period of rest as the market catches its breath”.
“However over the next few weeks, the risk is further USD weakness as positions continue to be squared and the market re‐evaluates”.
“Nonfarm payrolls becomes the next major market focus”.
“However by the second half of the year a stronger USD should reassert itself, driven by the relative growth, central bank, sentiment, etc. all shifting back towards a more favourable USD outlook”.
Key Quotes
“The very near term is likely a period of rest as the market catches its breath”.
“However over the next few weeks, the risk is further USD weakness as positions continue to be squared and the market re‐evaluates”.
“Nonfarm payrolls becomes the next major market focus”.
“However by the second half of the year a stronger USD should reassert itself, driven by the relative growth, central bank, sentiment, etc. all shifting back towards a more favourable USD outlook”.