The Development Bank of Singapore Limited research team is forecasting the USD to peak in 3Q19 instead of 2Q19.
Key Quotes
“Barring further shocks to the global economy, the Fed will not turn dovish and stay patient on rate hikes which we expect will resume with two increases in 2H19.”
“The greenback has been notably resilient to the sharp falls in US stocks and bond yields. Unlike 2017, there are no alternative currencies with the capacity and fundamentals (relatively stronger to the US) to absorb any flight from the USD today.”
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