FXstreet.com (Córdoba) - The U.S. dollar is ending the week on a modestly firm note, in what nonetheless remain relatively muted trading conditions, according to Wells Fargo analysts.
"While sentiment is broadly stable in the equity and debt markets, the mood in FX markets appears to be mildly pessimistic, with the commodity and emerging currencies weaker against the greenback today", says Wells Fargo. "For the most part however, currency market action continues to lack conviction and currencies continue to trade in well worn ranges".
"We maintain a neutral outlook for FX markets in the near-term, but look for gains in commodity and emerging currencies in the coming weeks and months", they add.
"While sentiment is broadly stable in the equity and debt markets, the mood in FX markets appears to be mildly pessimistic, with the commodity and emerging currencies weaker against the greenback today", says Wells Fargo. "For the most part however, currency market action continues to lack conviction and currencies continue to trade in well worn ranges".
"We maintain a neutral outlook for FX markets in the near-term, but look for gains in commodity and emerging currencies in the coming weeks and months", they add.
