FXstreet.com (Barcelona) - The greenback, measured by the US Dollar index, is finally managing to get some relief after the few past sessions, where the risk appetite and later the FOMC have been hammering the safe haven.
After yesterday announcements by the FOMC, Senior Analyst K.Kirkegaard at Danske Bank has concluded that the final expansion of the Fed’s balance sheet would be a stunning $1.020 billion, negatively impacting on the US dollar. “We thus maintain our bullish carry view and remain long AUD, RUB, NOK against USD… EUR/USD may not be the most obvious trade to position for Fed balance sheet expansion, but we still look for a move higher over the coming quarters”.
After yesterday announcements by the FOMC, Senior Analyst K.Kirkegaard at Danske Bank has concluded that the final expansion of the Fed’s balance sheet would be a stunning $1.020 billion, negatively impacting on the US dollar. “We thus maintain our bullish carry view and remain long AUD, RUB, NOK against USD… EUR/USD may not be the most obvious trade to position for Fed balance sheet expansion, but we still look for a move higher over the coming quarters”.
