Richard Franulovich, Research Analyst at Westpac, suggests that a perception that global trade tensions may be ebbing, another benign US average hourly earnings reading and a decline in Eurozone political risks are all conspiring against the USD. Key Quotes “The USD’s longer term path will however will driven by the yawning policy differential between the Fed and the rest of the world and on that basis it’s too soon to call an end to the USD’s long term appreciation.” “The USD might face potentially heavy pressure on another front; if continued appreciation becomes a headwind for the economy and hampers progress on the Fed’s mandate.” “But on that score the evidence is not compelling either.” “USD strength is associated with import price disinflation and weaker net exports and vice versa.” “The USD’s recovery in 2018 has not become a meaningful headwind.” “In recent months import prices have firmed and net exports have stabilised, the USD’s depreciation from late 2016 and into early 2018 a key driver. The firming of the USD this year will admittedly bring those trends to a halt. But, the USD’s appreciation does seem sufficiently large to trigger either a meaningful trend of import price disinflation or an materially adverse outlook for net exports.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Augur (REP) launches the much-awaited market prediction project; price reacts with a slide FX Street 3 years Richard Franulovich, Research Analyst at Westpac, suggests that a perception that global trade tensions may be ebbing, another benign US average hourly earnings reading and a decline in Eurozone political risks are all conspiring against the USD. Key Quotes "The USD's longer term path will however will driven by the yawning policy differential between the Fed and the rest of the world and on that basis it's too soon to call an end to the USD's long term appreciation." "The USD might face potentially heavy pressure on another front; if continued appreciation becomes a headwind for the economy and hampers… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
