USD: Weaker due to stronger economic performance abroad - AmpGFX

Greg Gibbs, Director at Amplifying Global FX Capital, suggests that while the US election may appear to have hurt the USD, it may also be the case that the USD is weaker due to stronger economic performance abroad.

Key Quotes

“Recent US economic reports are mixed and some fear the economy has lost momentum, reducing the prospect for higher rates in the USA.

Perhaps the USA election has dampened economic activity in the USA, delaying investment and employment, but whether it is the election or not, it does not appear that the USA economy is the clear growth leader at this time.  Investors may increasingly look to emerging market currencies seeking exposure to their improving growth outlook.  From a political stability point of view, they may seem no worse than the USA.”