USD weakness could be temporary – Danske Bank

Chief Analyst at Danske Bank Allan Vohn Mehren noted the greenback could resume the upside in the near term.

Key Quotes

“In majors, USD weakness remained in place yesterday with the US-Mexico trade deal helping spur hopes of trade woes diminishing”.

“We think this is premature and expect a new round of USD strength near term fuelled also by further trade-war escalation and by the Fed keeping up the hiking pace”