More selling of the USD still to come

News

The US dollar index is on 2 years lows, but there is lower to come says Standard Chartered NY

FOMC policy statement Wednesday “hawkish relative to expectations”, market expected
the Fed to provide more forward guidance, more info on QE

But that is not enough
to stop selling of the dollar:

  • Low US real and nominal yields
  • abundance of liquidity
  • reduced need for
    safe haven

will continue to weigh on the USD

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