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USD uptrend vindicated by economic and monetary policy divergences – BNZ

FXStreet (Barcelona) - Raiko Shareef, Currency Strategist at BNZ sees the probable mid-2015 rate hike by Fed supporting the USD.

Key Quotes

“The USD has remained ascendant over the past month, and rightly so. Even for the pessimists who note the US economic recovery has been anaemic relative to history, it is the ‘least bad’ option amongst the major economies.”

“In that context, we have upgraded a long-held optimistic view on the USD, most significantly against JPY and EUR. By end-2015, we now see USD/JPY at 123 (prev. 117) and EUR/USD at 1.12 (prev. 1.20).”

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