Greenback ready for lift-off - HSBC

By FXstreet.com | July 31, 2014 AAA

FXStreet (Guatemala) - David Bloom, Global Head of FX Strategy & team at HSBC suggests that the USD is the next currency getting ready for lift off in our eyes.



Key Quotes:



“We are now only two meetings away from not knowing exactly what the Fed is going to do: we are getting to the point where uncertainty is replacing certainty”.



“This should lead to increased speculation regarding US rate rises”.



“As rate expectations rose in New Zealand, the NZD took off”.



“In the UK constant speculation regarding a rate rise has boosted GBP. On the
monetary slopes the US is getting ready for take-off whilst the ECB is still looking down the slopes from a dizzy height”.



comments powered by Disqus
Related Forex Analysis
  1. EUR/USD lies in wait at 1.2650
    Forex News

    EUR/USD lies in wait at 1.2650

  2. Asian recap: Aussie and Yen run the show, majors playing second fiddle
    Forex News

    Asian recap: Aussie and Yen run the show, majors playing second fiddle

  3. Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
    Forex News

    Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

  4. GBP/USD at Risk for Fresh Monthly Lows on Slowing U.K. GDP
    Forex News

    GBP/USD at Risk for Fresh Monthly Lows on Slowing U.K. GDP

  5. British Pound Could Close Out Week with a Bang on UK GDP
    Forex News

    British Pound Could Close Out Week with a Bang on UK GDP

Trading Center