USD bullish and cautious – Danske Bank

According to Jens Sorensen, the outlook on the greenback remains constructive albeit it prompts some caution.

Key Quotes

“The US dollar continued to strengthen and rose to a eleven-month high against a basket of major currencies on Monday, driven by expectations that Trump's administration would boost spending and lift inflation, leading to higher US Treasury yields”.

“However, we still do not know much about Trump’s political plans and his future administration and hence price actions particularly in the US dollar could be very sensitive to any news or speculation on this front in the near term”.

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