USD: Expect further strength - BNPP

Research Team at BNP Paribas, continues to be bullish on the USD following the US presidential election.

Key Quotes

“The key implication of Trump’s victory is that his proposed expansionary fiscal policy is likely to push US yields up and steepen the curve. As a result, USD strength has further to run, in our view, although the speed of its rise is likely to differ versus the different G10 currencies. We believe USDJPY has the most upside while other pairs, such as NZDUSD, have room to catch up.”