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31 Jul 2014
Greenback ready for lift-off - HSBC
FXStreet (Guatemala) - David Bloom, Global Head of FX Strategy & team at HSBC suggests that the USD is the next currency getting ready for lift off in our eyes.
Key Quotes:
“We are now only two meetings away from not knowing exactly what the Fed is going to do: we are getting to the point where uncertainty is replacing certainty”.
“This should lead to increased speculation regarding US rate rises”.
“As rate expectations rose in New Zealand, the NZD took off”.
“In the UK constant speculation regarding a rate rise has boosted GBP. On the
monetary slopes the US is getting ready for take-off whilst the ECB is still looking down the slopes from a dizzy height”.
Key Quotes:
“We are now only two meetings away from not knowing exactly what the Fed is going to do: we are getting to the point where uncertainty is replacing certainty”.
“This should lead to increased speculation regarding US rate rises”.
“As rate expectations rose in New Zealand, the NZD took off”.
“In the UK constant speculation regarding a rate rise has boosted GBP. On the
monetary slopes the US is getting ready for take-off whilst the ECB is still looking down the slopes from a dizzy height”.