US Dollar Under Downward Pressure

US Dollar Under Downward Pressure

We believe that US dollar is likely to be a strong at the first Fed rate hike. Since market pricing does not provide for a rate hike in March 2016 and the risks are now shifted toward a faster pace of monetary tightening. Outperformance of the US currency should be more clearly manifest themselves against… Read more

ECB Policy Meeting Sent the Euro Up

The market is ready for a sharp easing of monetary policy of the ECB policy meeting, but the solution of the regulator was not in line with the forecasts laid down in the value of EURUSD. This led to a strong appreciation of the single European currency. As expected, the ECB lowered the rate on deposits… Read more