USD will strengthen this year (BofS)
According to Bank of Singapore, USD strength will probably become more prominent later this year. “What we're seeing right now is more of a rehearsal,” said the bank’s trader.
“Eventually I think the broad tone of data should show that the US economy is holding up much better than the rest of the world and that would lend more durable support for the US dollar,” he said.
The bank expects USD to gain support particularly against other low-yielding currencies such as EUR, JPY, GBP and CHF, he added.