FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that, in the currency markets, many are getting excited about the possible continuation of the bullish dollar trend.
“The euro has fallen against the dollar for the last 4 sessions, making new lows for the year after falling nearly 5.5% since the May highs."
"Sterling has also followed suit, though less enthusiastically, down about 3.5% since the July highs. The yen has fallen in eight of the last nine sessions."
"At ¥103.77, the dollar broke out of the range and threatening the key ¥104.0, which was the high in early April. If that is breached, we are back to January levels."