USD points to further strength – Westpac

FXStreet (Edinburgh) - Richard Franulovich, Strategist at Westpac, notes the potential effects of poor US data with the greenback’s performance.

Key Quotes

“Brief bouts of US data underperformance have never been a been a big story for the USD”.

“Longer term structural growth conditions certainly play a major role but they impact the USD with long lags and over many years”.

“Ongoing ECB QE should in any case forestall any incipient USD weakness that would otherwise emerge in the unlikely event that underlying relative growth trends suddenly swing against the USD”.