23 Jan 2014
Flash: USD appreciates on broad basis - Danske Bank
FXstreet.com (Barcelona) - Danske Bank Strategists note that yesterday USD continued to appreciate on a broad basis.
Key Quotes
“Especially against CAD, as Bank of Canada lowered its inflation forecast further, moving in a dovish direction. We continue to see further CAD weakness over the coming months.”
“Otherwise, TRY continues to suffer after the Turkish central bank yesterday said that monetary tightening will be delayed.”
“Today, the market will await the weekly claims data for the direction of USD. In respect of EUR Eonia rates will once again attract attention.”
Key Quotes
“Especially against CAD, as Bank of Canada lowered its inflation forecast further, moving in a dovish direction. We continue to see further CAD weakness over the coming months.”
“Otherwise, TRY continues to suffer after the Turkish central bank yesterday said that monetary tightening will be delayed.”
“Today, the market will await the weekly claims data for the direction of USD. In respect of EUR Eonia rates will once again attract attention.”