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Sep 14 - 02:55 PM

EUR/USD, USD/JPY, GBP/USD,AUD/USD, USD/CNH: Our End-Q3 Targets Remain Intact - Credit Suisse

By eFXdata  —  Sep 14 - 01:30 PM

Credit Suisse maintains a bullish USD bias and its key end-Q3 targets intact without change.

"With the Fed now in blackout mode, options to push back on this are in principle limited unless through an indirect media channel. In this circumstance, the near -term path of least resistance for USD is to keep rising, at least until a 100bp rate hike is at least 50 % priced in," CS notes. 

"As a result, we see no reason in the short term to change our key calls end -Q3 calls such as EURUSD 0.9700, USDJPY 145 (with a risk to 150), AUDUSD 0.6550, USDCNH 7.05 and GBPUSD 1.1250," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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