We are turning tactically neutral on US dollar – Deutsche Bank

Omkar Godbole FXStreet Contributor

Deutsche Bank has ditched its bearish view on the US dollar and turned tactically neutral on the greenback and even likes buying the dollar against the yen, according to a report by ZeroHedge.

Key points

Dollar weakness is at the upper bound of historical experience at this stage of the recovery and some consolidation is therefore in order.

Democrat's victory in Georgia is a "gamechanger for the U.S. fiscal outlook and has opened a window for dollar support.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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