USD: Further selling? – Danske Bank

Sandeep Kanihama FXStreet Contributor

Allan von Mehren, chief analyst at Danske Bank, points out that the USD sold off broadly after the Fed’s Bullard blinked late yesterday, when he argued a rate cut may be warranted soon.

Key Quotes

“We have stressed numerous times that a key driver for FX markets would be if the Fed started to acknowledge dovish market pricing. Bullard’s comment was a first step in that direction, but the market likely needs more confirmation (and at some point action) for further selling USD.”

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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