USD to perform well post-FOMC, stay long USD vs AUD and CHF - BNPP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Research Team at BNP Paribas, notes that the long-awaited Fed rate tightening cycle started with a 25bp hike to the target Fed funds range.

    Key Quotes

    “With USD positioning now substantially reduced and the USD trading at more attractive levels vs. key G10 currencies, we think the USD is more likely to gain in the immediate aftermath of Fed tightening. We remain short AUDUSD from 0.7335, with our stop trailed to entry.”
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