18 Jul 2013
Flash: Bernanke’s comments support USD - BMO
FXstreet.com (London) - Stephen Gallo, European Head of FX Strategy at BMO Financial Group see’s the dollar supported post Bernanke’s speech yesterday.
Key Quotes:
“The USD has generally been on a better footing again this morning, but I think going forward the currency will flip-flop on US data releases, which will be keenly watched for the slightest signs of strength or weakness”.
“Underlying I still feel the USD is supported, but it will not be an easy ride from the way things look at the moment”.
“It would appear we are back in a mode of commodity currency underperformance, and would expect to see Canada weaker over the coming sessions”.
Key Quotes:
“The USD has generally been on a better footing again this morning, but I think going forward the currency will flip-flop on US data releases, which will be keenly watched for the slightest signs of strength or weakness”.
“Underlying I still feel the USD is supported, but it will not be an easy ride from the way things look at the moment”.
“It would appear we are back in a mode of commodity currency underperformance, and would expect to see Canada weaker over the coming sessions”.