Dollar-bloc currencies fallen out of favour - BBH

Sandeep Kanihama FXStreet Contributor

Analysts at BBH suggest that the dollar-bloc currencies have fallen out of favour and is not just about unwinding of risk due to the geopolitical concerns.

Key Quotes

“In New Zealand, the central bank's rhetoric protesting the currency's strength was turned up a notch. In Australia, the central bank governor also made it clear that there was no rush to tighten monetary policy. His message was one of patience. The Canadian dollar fell every day last week and in three of this week's five sessions. It is nearly flat in today's activity. This is the second consecutive weekly decline, which followed a seven-week rally in eight weeks.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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