Back
1 Jul 2014
Weakness still persist around the USD - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec
Key Quotes
"Another day, another dollar... sell off".
"Month end flows dominated yesterday to cause the world’s leading currency to be sold across the board which saw GBPUSD hit new highs and EURUSD creep back towards the top of the range".
"As we finished the second quarter yesterday, over the last three months the USD has lost ground against the GBP, JPY and NZD in particular, while the S&P500 index again made gains as investors seem to be continuing to bet against the Fed raising rates or tightening policy beyond the current QE tapering."
Key Quotes
"Another day, another dollar... sell off".
"Month end flows dominated yesterday to cause the world’s leading currency to be sold across the board which saw GBPUSD hit new highs and EURUSD creep back towards the top of the range".
"As we finished the second quarter yesterday, over the last three months the USD has lost ground against the GBP, JPY and NZD in particular, while the S&P500 index again made gains as investors seem to be continuing to bet against the Fed raising rates or tightening policy beyond the current QE tapering."