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USD risks tilted to the downside for the week ahead – Westpac
FXStreet (Barcelona) - Richard Franulovich of Westpac, believes that next week’s US data risks disappointing the dollar bulls.
Key Quotes
“The USD index has shown a slightly better tone in the last couple of days, though by and large it still looks to be stuck in a broader 96-100 range.”
“Next week’s data and Fed event risk if anything tilts the risks for the USD to the downside, with the relentless run of weaker data portraying a weaker economy than consensus for Q1 advance GDP and also risks of disappointment in the manufacturing ISM.”
“The long term USD prognosis remains positive but it seems near term air pockets will keep it capped for a few more weeks yet.”
