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4 Jun 2015
Credit Agricole: Buy USD dips – eFXnews
FXStreet (Barcelona) - The Team at Credit Agricole warns of a liquidity vacuum ahead and suggests buying dollar dips, as noted by eFXnews.
Key Quotes
“We will look for another opportunity to sell EUR/USD once the Greece-EU dust has briefly settled.”
“In terms of USD specifically, it is difficult to see Fed expectations being anything other than supportive ahead of Friday’s US Non-Farm Payrolls. So far this week’s US data have been somewhat mixed, but they should not distract from the firming underlying trend in US growth.”
“As such current USD levels provide an attractive opportunity to buy. As we wrote in last FX Weekly, USD/JPY is the path of least resistance in the core while USD-funding dependent peripherals also provide attractive targets.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We will look for another opportunity to sell EUR/USD once the Greece-EU dust has briefly settled.”
“In terms of USD specifically, it is difficult to see Fed expectations being anything other than supportive ahead of Friday’s US Non-Farm Payrolls. So far this week’s US data have been somewhat mixed, but they should not distract from the firming underlying trend in US growth.”
“As such current USD levels provide an attractive opportunity to buy. As we wrote in last FX Weekly, USD/JPY is the path of least resistance in the core while USD-funding dependent peripherals also provide attractive targets.”
This content has been provided under specific arrangement with eFXnews.