Greenback chipping away - BBH

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman said that despite the relatively low UST yields, the dollar continues to chip away at many of the major currencies.



Key Quotes:



"...trading at its firmest level today against the euro since early February".



"From a fundamental standpoint, the euro zone is the most vulnerable to the impact of further sanctions on Russia. A break below that February 3 low near $1.3475 would set up a test of the November 2013 lows near $1.34 and then $1.33."



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