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1 Sep 2015
Greenback strength expected to intensify - Scotiabank
FXStreet (Guatemala) - Eric Theoret, foreign exchange analyst at Scotiabank explained that US dollar (USD) gains are expected to intensify into year-end.
Key Quotes:
"Market participants await the commencement of monetary policy normalization by the US Federal Reserve."
"Fed policymakers have become increasingly confident in the labor market outlook, with preference to an early and gradual path for monetary tightening; we anticipate the first benchmark interest rate increase to take place in September. A differentiated foreign exchange performance is expected to take place through 2016, with stabilization and modest strength anticipated for most currencies with the exception of the Japanese yen (JPY) and the euro (EUR)."
Key Quotes:
"Market participants await the commencement of monetary policy normalization by the US Federal Reserve."
"Fed policymakers have become increasingly confident in the labor market outlook, with preference to an early and gradual path for monetary tightening; we anticipate the first benchmark interest rate increase to take place in September. A differentiated foreign exchange performance is expected to take place through 2016, with stabilization and modest strength anticipated for most currencies with the exception of the Japanese yen (JPY) and the euro (EUR)."