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2 Sep 2014
Divergences are driving the dollar - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained divergences between economies are driving the greenback.
Key Quotes
"The driving force behind the dollar’s strength continues to be the divergence between the US on one hand and the euro area and Japan on the other. At the same time, the considerably stronger than expected UK construction PMI was overshadowed by the latest YouGov poll, which indicated that the Scottish referendum is tightening."
Key Quotes
"The driving force behind the dollar’s strength continues to be the divergence between the US on one hand and the euro area and Japan on the other. At the same time, the considerably stronger than expected UK construction PMI was overshadowed by the latest YouGov poll, which indicated that the Scottish referendum is tightening."