EURUSD can still make a run towards 0.95, USDJPY can still retest 150 – ING EURUSD USDJPY Banks Fed
“Expectations of the policy rate being taken to 5% into early next year, inverting the yield curve still further, is a dollar positive.”
“We think the balance of risks still favour a stronger dollar, particularly against European currencies where we see growth substantially below consensus over coming quarters.”“Where interest in the carry trade could emerge is in Latin America. Here the risk-adjusted implied yields of the Mexican peso are 50% above those for the Brazilian real and USDMXN could retest the year's lows at 19.42 should any key US data disappoint.
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