USD getting ready for lift-off - HSBC

By FXstreet.com | 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."



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