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28 Jul 2015
USD to strengthen further vs. the comm-bloc – Rabobank
FXStreet (Edinburgh) - Jane Foley, Senior Currency Strategist at Rabobank, sees the greenback gathering further pace vs. the commodities-bloc currencies.
Key Quotes
“While we would expect the clouds over the Chinese growth outlook to add to our view that the Fed is likely choose December over September to start normalising rates in the wake of the glut of supply for commodities such as diary, iron ore, coal and oil we would still expect the USD to continue outperforming commodity currencies”.
“We have lowered our forecasts for AUD, NZD and CAD further and currently look for moves towards AUD/USD0.71, NZD/USD0.64 and USD/CAD1.31 by year end”.
Key Quotes
“While we would expect the clouds over the Chinese growth outlook to add to our view that the Fed is likely choose December over September to start normalising rates in the wake of the glut of supply for commodities such as diary, iron ore, coal and oil we would still expect the USD to continue outperforming commodity currencies”.
“We have lowered our forecasts for AUD, NZD and CAD further and currently look for moves towards AUD/USD0.71, NZD/USD0.64 and USD/CAD1.31 by year end”.