18 May 2015
USD weakness to extend near term – BTMU
FXStreet (Edinburgh) - Lee Hardman, Currency Analyst at BTMU, expects the greenback to deflate further in the near term.
Key Quotes
“The weakening outlook for growth in the US is prompting the interest rate market to begin pushing back expectations for the first Fed rate hike into next year undermining the US dollar in the near-term”.
“The release of the latest FOMC minutes and CPI report for April will be the main US economic data releases in the week ahead”.
“It is unlikely that either release will provide a major trigger to reverse US dollar direction in the near-term although another firmer core inflation reading could at least offer some support for the US dollar in the near-term”.
Key Quotes
“The weakening outlook for growth in the US is prompting the interest rate market to begin pushing back expectations for the first Fed rate hike into next year undermining the US dollar in the near-term”.
“The release of the latest FOMC minutes and CPI report for April will be the main US economic data releases in the week ahead”.
“It is unlikely that either release will provide a major trigger to reverse US dollar direction in the near-term although another firmer core inflation reading could at least offer some support for the US dollar in the near-term”.