Currency Analyst since 2010

USD: bearish targets

UBS: “This sets up a situation where the dollar could end up in a protracted downtrend. This is unmitigated bad news for the dollar.”

Danske Bank: “Given positioning and the possibility of further positive economic surprises from the euro zone, risk is still tilted towards a higher EUR/USD the coming weeks. We would also argue that in general the USD crosses have now become even more US data sensitive as upcoming US data will be pivotal in judging when or if tapering will start.”

OCBC Bank: “EUR/USD may look increasingly constructive towards the upside into the end of the week given the Fed’s inaction, although the upcoming weekend German elections may prove to be damper. Expect consolidative behavior in the near term with perhaps a locus to be expected.”

ANZ: “USD is likely to continue trading very poorly in the very short term. Targets would include EUR/USD $1.3710 and AUD/USD $0.9670 and NZD/USD $0.8680.”


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