17 Jan 2014
Flash: The dollar bloc currencies remain under pressure - BBH
FXstreet.com (Guatemala) - Strategists at Brown Brothers Harriman explained that The dollar bloc currencies remain under pressure.
Key Quotes:
“The Australian dollar is the weakest of the majors this week, losing about 2.2% against the US dollar, its poorest weekly performance in almost six months”.
“Today it remains pinned to the three-year low recorded yesterday in response to the dismal employment report”.
“Just as the market feel more confident that the Federal Reserve will continue to taper, it has become more confident of an RBA rate cut in the period ahead”.
Key Quotes:
“The Australian dollar is the weakest of the majors this week, losing about 2.2% against the US dollar, its poorest weekly performance in almost six months”.
“Today it remains pinned to the three-year low recorded yesterday in response to the dismal employment report”.
“Just as the market feel more confident that the Federal Reserve will continue to taper, it has become more confident of an RBA rate cut in the period ahead”.