OctaFX | OctaFX Forex Broker
Open trading account

USD expected to pick up pace later in Q4 – Westpac

FXStreet (Edinburgh) - Sean Callow, Strategist at Westpac, sees the greenback gathering traction closer to year-end.

Key Quotes

“Later in Q4, we remain optimistic on the US dollar”.

“Westpac’s base case remains a Fed rate rise in Dec, with key officials such as SF Fed’s Williams noting that with the unemployment rate near 5%, payrolls growth can slacken while still tightening the job market”.

“Dec is also when the ECB will have to review its forecasts, most likely including another downward revision to inflation”.

“The relative growth and yield story should then return to driving sustained USD gains”.

USD to trade under pressure due to soft data releases – Westpac

Sean Callow, Research Analyst at Westpac, suggests that there are signs that US data momentum will soften in coming weeks, keeping pressure on USD in terms of yield spreads and USD should already be lower against major currencies.
Read more Previous

GBP/JPY flirting with 184 ahead of BOE

The cross in the GBP/JPY wiped-out entire losses and swung into the green zone, rising above 184 handle ahead of the BOE rate decision and the minutes.
Read more Next
Start livechat