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USD to gain from other G10 central banks – BNPP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Economists at BNP Paribas, have revised down their US Q4 2015, quarterly GDP growth forecast to zero.

    Key Quotes

    “However, fluctuations in risk sentiment have been more important than US data in causing rates markets to continue to reduce expectations for Fed tightening in 2016.

    Against this backdrop, we see scope for the USD to gain support from other G10 central banks in the near term, as the same conditions prompting markets to lower expectations for additional Fed hikes in 2016 are likely to cause other G10 central banks to consider easing further.

    Our economists do not expect any major surprises from Wednesday’s FOMC meeting (27 January).”
    For more information, read our latest forex news.
     

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