Back
23 Sep 2014
USD still looks a solid multi-month buy - RBS
FXStreet (Łódź) - The RBS team of analysts stress that US and Canada exhibit the most economic strength currently.
Key quotes
"The weak international environment is a challenge but this should not be a deal breaker for the Fed as the US isn't a particularly open economy."
"China's manufacturing PMI was a little better in September, but still soft in a wider context. This plays to the view that there's simply very little inflationary pressure around due to weak demand."
"Hence plenty of opportunity for Fed expectations to shift, but a stronger USD still looks a solid multi-month buy."
Key quotes
"The weak international environment is a challenge but this should not be a deal breaker for the Fed as the US isn't a particularly open economy."
"China's manufacturing PMI was a little better in September, but still soft in a wider context. This plays to the view that there's simply very little inflationary pressure around due to weak demand."
"Hence plenty of opportunity for Fed expectations to shift, but a stronger USD still looks a solid multi-month buy."