25 Jun 2015
US data today could lend further support to the USD – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Pernille Henneberg believes the greenback could gather further traction from today’s releases.
Key Quotes
“The uptick in notably 2Y US swap rates has clearly lent support to the USD in recent days and a continuation of this today would help send EUR/USD further down from here”.
“Indeed, Greece and the EU summit today aside, USD crosses may take their cue from today's US personal spending figures to the extent that these confirm that the US consumer is back in business: we have an above-consensus call and if confirmed this could intensify FX focus on relative monetary policy as private spending has been the Achilles heel for the US economy at the start of the year”.
Key Quotes
“The uptick in notably 2Y US swap rates has clearly lent support to the USD in recent days and a continuation of this today would help send EUR/USD further down from here”.
“Indeed, Greece and the EU summit today aside, USD crosses may take their cue from today's US personal spending figures to the extent that these confirm that the US consumer is back in business: we have an above-consensus call and if confirmed this could intensify FX focus on relative monetary policy as private spending has been the Achilles heel for the US economy at the start of the year”.