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6 Feb 2015
Global easing supportive for the US dollar - BTMU
FXStreet (Bali) - According to Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, the widening monetary policy divergence between the Fed and overseas central banks will support of a stronger USD in 2015.
Key Quotes
"The US dollar has started this year very strongly with the dollar index increasing sharply by 5.0% in January which was its largest increase in a calendar month since May 2012 during the peak of the euro-zone sovereign debt crisis."
"The US dollar has been deriving support from building expectations of looser monetary policy overseas which stands in contrast to policy in the US where the Fed is inching closer to raising rates."
"The easing of monetary policy overseas is likely to continue at least through the first half of 2015. The widening monetary policy divergence between the Fed and overseas central banks will remain a key driver in support of a stronger US dollar."
Key Quotes
"The US dollar has started this year very strongly with the dollar index increasing sharply by 5.0% in January which was its largest increase in a calendar month since May 2012 during the peak of the euro-zone sovereign debt crisis."
"The US dollar has been deriving support from building expectations of looser monetary policy overseas which stands in contrast to policy in the US where the Fed is inching closer to raising rates."
"The easing of monetary policy overseas is likely to continue at least through the first half of 2015. The widening monetary policy divergence between the Fed and overseas central banks will remain a key driver in support of a stronger US dollar."