ANZ FX Strategy isn’t ready to throw the towel on the USD yet arguing that heading towards the back end of 2017 and into 2018, market volatility is almost certain to rise; and the USD will once again find its footing but for a different reason.
“Not because of strong growth and exceptional policy divergence but rather because of a rise in risk aversion.
This will drive a different sort of USD rally. Against the EUR and the JPY, policy dynamics will still matter, and the risk is that the USD comes under some pressure.
While against the AUD, the NZD and cyclical Asian currencies, the USD will continue to advance” ANZ argues.
Source: ANZ, eFXnews™
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