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A return of USD strength for 2015 - ANZ

FXStreet (Guatemala) - The research team at ANZ explained that they strategically retain a strong USD bias.

Key Quotes:

“But expect the short-term environment to be rangy and currency moves to be more idiosyncratic”.

“In the past month the long USD view has become increasingly reliant on the JPY leg, but being too reliant on a single driver urges caution”.

“Beyond the JPY, news out of China has improved, while global inflation dynamics are clouding the near-term trajectory for the Fed”.

“Further, since the ‘flash’ crash in bonds, the volatility in the bond market has declined, while that of the FX market has risen”.

“We are not convinced that it is reasonable for currency markets to keep moving on the basis of common macro drivers when the rates market is not”.

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