1. Hello Guest Click here to check FX Binary Point Financial Directory

Asia FX: A correction and not a change in trend – ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Research Team at ANZ, suggests that the selloff in the USD has led to a rally in Asian currencies, but they see this as a correction and not a change in trend.

    Key Quotes

    “Concerns over the impact of financial market turmoil on the US economy has resulted in Fed rate hike expectations getting pared back, which is partly behind the dollar weakness.

    A weaker US economy is hardly a compelling rationale for a sustained rally in Asian currencies, especially with export weakness extending.

    Once the long dollar positioning is cleansed, we look for renewed weakness in Asian currencies, regardless of whether the Fed ends up hiking or not this year.”
    For more information, read our latest forex news.

Share This Page