USD to resume its upside near-term – Danske Bank

FXStreet (Edinburgh) - Chief Analyst Lars Christensen at Danske Bank expects the greenback to recover recently ground lost in the short term.

Key Quotes

“We expect the USD to consolidate near term on Fed’s recent concern about the strength of the USD and positioning”.

“In particular, low yielding JPY, EUR and CHF may gain versus the USD as the market postpones its Fed rate hike expectations”.

“Fundamentally, nothing has changed and we expect the USD to resume its upward trend over the coming weeks”.