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Jul 08 - 12:55 PM

USD: Staying Bullish In Q3; EUR/USD To Hit Parity And GBP/USD To Sink Towards 1.15 - Credit Suisse

By eFXdata  —  Jul 08 - 11:45 AM

Credit Suisse maintains a bullish bias on the USD through Q3. 

"Our core USD-bullish view, continues to play out. BBDXY has this week pushed to its highest levels since March 2020. Weakness in European currencies such as EUR and GBP remain the key drivers for broad USD weakness," CS notes. 

"This is in line with our established view that EURUSD will test parity in coming weeks and that GBPUSD should sink towards 1.1500," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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