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USD keeps the solid track – Danske Bank

FXStreet (Edinburgh) -Sverre Holbek, Senior Analyst at Danske Bank, notes the strong performance by the US dollar.

Key Quotes

“The USD rallied broadly following the strong non-farm payrolls”.

“Investors are buying the USD as an asset currency, as most other asset markets reacted more muted”.

“Over the coming days, the USD is likely to consolidate on positioning and lack of near-term drivers”.

“However, the trend of a stronger USD remains firmly in place both against low yielders like the EUR, CHF and JPY and currencies like the NZD and AUD, which are linked to the commodity cycle”.

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