FXStreet (Delhi) – Imre Speizer, Senior Markets Strategist at Westpac, suggests that the recent cautionary points on the global front will only slow the uptrend for the Greenback and the uptrend remains in place for the near-term. Key Quotes “Dec Fed lift-off odds are unlikely to slip much, if at all, and may well go even higher as soon as next week if the Fed minutes next week echo the tone of the more hawkish Oct meeting statement.” “The speed of the DXY’s rise in the last three weeks has been such that USD positioning is far from over-extended. DXY should test 100 in coming weeks if not days. This week sees the first of the November surveys - Empire, NAHB and Philly - but the minutes from the Fed’s October meeting are likely the main focus. That meeting, of course, produced a relatively hawkish statement with the Fed removing the reference to global economic and financial developments restraining activity and inflation, and more pointedly resetting expectations to leave zero doubts that liftoff in December is possible, the key phrase reading, “in determining whether it will be appropriate to raise the target range at its next meeting”. It’s not unreasonable to assume that the tenor of the this week’s Fed minutes should broadly match that of the relatively more hawkish statement.” For more information, read our latest forex news.