USD getting ready for lift-off - HSBC

By FXstreet.com | Updated August 08, 2014 AAA

FXStreet (Łódź) - David Bloom, Global Head of FX Strategy at HSBC suggests that the US dollar will strengthen soon on the back of improvements in the US economy.

Key quotes



"The USD is the next currency getting ready for lift-off."



"We are getting to the point where tapering is coming to an end and uncertainty is replacing certainty."



"This should lead to increased speculation regarding US rate rises."



"In New Zealand, as rates rose, the NZD took off. GBP was boosted by expectations in the UK regarding rate rises."



"We expect the USD to be the next to benefit."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: FOMC, GDP, Greece and Much More Ahead

  2. Forex News

    Trading Video: Sentiment, Dollar and Euro All At-Risk Next Week

  3. Forex News

    IBM, Google and Others Take an FX Revenue Hit in Q1

  4. Forex News

    Investors are eager to know when the Federal Reserve will act - FXStreet

  5. Forex News

    US data will likely delay Fed action- Rabobank

Trading Center