USD broadly lower; rates not expected to move yet - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has noted the US dollar is broadly lower today.

Key Quotes:

“The strength of the dollar bloc has been joined by the euro, sterling and the yen."

"Now that the dust settled from last week’s two big events, the ECB meeting and the US jobs report, a couple things seem clearer to many participants. First, any ECB QE program is not imminent (we have suggested that June, not May, is a more likely window for action and that the US jobs data does not change the outlook for US policy and the vast majority of investors see the first rate hike more than a year off."