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Sep 01 - 10:55 AM

USD: 3 Reasons Why There Is (Still) No Alternative To The USD; Where To Target? - ANZ

By eFXdata  —  Sep 01 - 09:30 AM

ANZ Research sees a scope for further USD gains into year-end. ANZ targets USD Index (DXY) at 111.20 and USD/JPY at 142 by year-end.

"None of the arguments in favour of a stronger US dollar faded in August, in fact, many strengthened," ANZ notes. 

"As we chart a course over the next six months, there are at least three reasons why we think USD strength is unlikely to dissipate. 

1- Markets are still under-pricing the duration and height of the US tightening cycle. 

2- The energy crisis in Europe is likely to worsen. 

3- Deteriorating liquidity dynamics will add volatility and a USD risk premium," ANZ adds. 

Source:
ANZ Research/Market Commentary

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