USD WILL FIND IT DIFFICULT TO GAIN MUCH GROUND

Everything under control. Or not? Antje Praefcke, FX Analyst at Commerzbank, analyzes the USD outlook.

The wait continues – to the Dollar’s disadvantage

“I sometimes get a lingering suspicion that the wait for new momentum or a new (trade) idea continues and that every day that passes works to the Dollar’s disadvantage.”

“As long as the market cannot be certain that everything really ‘will be fine’ and ‘under control’ in the US it is likely to act asymmetrically and tend to position itself against the US Dollar. I can, therefore, imagine that the USD will find it difficult to gain much ground against more stable seeming currency areas such as the Eurozone.”