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11 Mar 2014
Flash: USD to morph a depp correction - BBH
FXStreet (Guatemala) Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the US dollar is a little better bid today most of the major currencies.
Key Quotes
"The US dollar is a little better bid today most of the major currencies, as the downside momentum seen last week has faded, and a consolidative phase has emerged".
"We suspect it will morph into a deeper correction."
"The dollar does not seem to be reflecting some fundamental changes that are taking place. The euro maybe in a tight range, but it is near 2-year highs and is holding above the $1.3800 level, which had provided a cap since last October."
Key Quotes
"The US dollar is a little better bid today most of the major currencies, as the downside momentum seen last week has faded, and a consolidative phase has emerged".
"We suspect it will morph into a deeper correction."
"The dollar does not seem to be reflecting some fundamental changes that are taking place. The euro maybe in a tight range, but it is near 2-year highs and is holding above the $1.3800 level, which had provided a cap since last October."