Last week we published our new quarterly FX Trends publication. We argue that the dollar will suffer this autumn against the euro and the cyclical currencies. Basically, our view is three-legged: 1) the Fed is expected to engage in quantitative easing, which is expected to weigh on the US dollar, 2) the ECB is expected to restart its bond purchase programme and 3) China is expected to add further stimuli. Arne Lohmann Rasmussen, Chief Analyst, Danske Bank
No comments:
Post a Comment