1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD looks ‘cheap’ – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    In opinion of Jens Pedersen, Senior Analyst at Danske Bank, the greenback could be poised for further upside.

    Key Quotes

    “Overall our short-term financial models indicate that the USD is somewhat cheap as the Greenback has not followed US rates higher as much as a statistical and historical relationship would suggest”.

    “Looking at financial condition-indices, the December Fed hike has - despite higher US rates - now been more than ‘unhiked’ by the weaker USD and higher equities, which raises the question of when the next US hike is due”.

    “With the latest improvement in US economic data and with yesterday’s multi-year high y/y PCE core inflation print in mind, Friday’s non-farm payroll release will be an important piece of that puzzle”.
    For more information, read our latest forex news.
     

Share This Page