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Greenback slowing up - BMO Capital Markets

FXStreet (Barcelona) - Stephen Gallo, European Head of Currency Strategy at BMO Capital noted the recent conditions surrounding the greenbacks value.

Key Quotes:

"The USD firmed up during the London morning. The 85.00 level in the DXY is currently acting as good support."

"Weakness in commodity prices, global growth & inflation data, as well as a shrinking supply of USDs all suggest that the near-term path of least resistant for the greenback is up”.

“The only factors which are really slowing down the USDs rise are the fall in US Treasury yields and better demand for the JPY."

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