Trader, analyst and instructor with a 6-year experience

Westpac: USD to weaken in September

According to strategists at Westpac, USD should lose ground in September as QE ‘tapering’ expectations will not come true, especially after the downbeat July new home sales and durable goods orders.

"The FOMC still seems likely to proceed with the muchdiscussed reduction in QE but it could be only a modest adjustment, accompanied by soothing language about maintaining loose policy."

Scroll to top