27 Sep 2013
Flash: USD index expected to decline modestly - JPMorgan
FXstreet.com (Barcelona) - FX Strategists at JPMorgan Securities revised Q4 targets for the majority of currencies following the unexpected dovish outcome by the Fed last week, resulting in a modestly lower profile for the USD index.
Key Quotes
"The only G10 pairs where we looked for USD gains into year-end were versus currencies where central banks were easing (JPY, AUD). With Fed tapering pushed back until late 2013/early 2014, the USD index is now expected to decline modestly year-end."
Key Quotes
"The only G10 pairs where we looked for USD gains into year-end were versus currencies where central banks were easing (JPY, AUD). With Fed tapering pushed back until late 2013/early 2014, the USD index is now expected to decline modestly year-end."