Broadening USD sell-off likely to disappoint bulls - ANZ

Research Team at ANZ, suggests that the USD sell-off is broadening, and risks are that it continues to disappoint bulls in the near term.

Key Quotes

“But a sustained period of both better growth and more dovish central banks seems unlikely.

Ultimately, an environment of rising rates will once again test the resilience of any recovery outside of the US and drive a reassertion of USD strength.

In particular, the debt burden in China and excess supply in commodity markets will ensure that these recoveries remain stunted.”