Potential cushions for the greenback - BBH

By FXstreet.com | Updated August 04, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman commented around the recent shift in greenback.



Key Quotes



"Another way of asking the question is whether the markets are in new trends or poised to consolidate. Our reading of the technicals favors the latter scenario."



"The US economy and inflation are not consistent with 10-year yields below 2.5%. As yields fall below there, buying dries up and shorts are enticed."



"This caps the rallies. The prospects for the ECB's TLTRO next month and the possibility that Japan provides more stimulus may cushion any significant dollar pullback."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    China's foreign reserve managment influences markets - SG

  2. Forex News

    FX Space in a snapshot - Scotiabank

  3. Forex News

    EUR/USD breaches 1.1200

  4. Forex News

    EUR/USD Breaks Tight Range but 1.1165/85 is Support

  5. Forex News

    US Dollar May Break to Further Highs but Euro’s Next Move Critical

Trading Center