Near-term downside for US Dollar
ETF Securities FX Research: Near-term downside for US Dollar
The US Dollar has jumped sharply in recent months, reaching the highest level since late 2002. The US Dollar has moved ‘too far too fast’ and could unravel in coming months if the US Federal Reserve’s actions don’t live up to its rhetoric.
Inflation is set to jump higher in 2017, driven by wage growth and an unwind of the weakness in oil prices over the past year.
Futures market pricing remains buoyant, but could unwind rapidly. The options market …