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4 Mar 2015
Credit Agricole: USD a buy on dips irrespective of this week’s data – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Credit Agricole’s view that USD remains well supported from Fed rate hike expectations, and the improving growth conditions only confirm a positive outlook for USD.
Key Quotes
“Friday’s labour data release will be key in driving the currency further. As we expect it to confirm further improving labour market conditions to the benefit of investors’ central bank rate expectations, the USD is likely to remain a buy on dips.”
“In the meantime today’s ISM non-manufacturing and ADP job report will be key.”
“Given the importance of the US services sector, investors’ will mainly focus on the ISM’s employment component. Bad weather conditions’ impact on the construction sector may have increased downside risks to the figure.”
“However, as we expect a trend of improving US growth conditions to stay intact USD dips should remain buy, regardless of this week’s data.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Friday’s labour data release will be key in driving the currency further. As we expect it to confirm further improving labour market conditions to the benefit of investors’ central bank rate expectations, the USD is likely to remain a buy on dips.”
“In the meantime today’s ISM non-manufacturing and ADP job report will be key.”
“Given the importance of the US services sector, investors’ will mainly focus on the ISM’s employment component. Bad weather conditions’ impact on the construction sector may have increased downside risks to the figure.”
“However, as we expect a trend of improving US growth conditions to stay intact USD dips should remain buy, regardless of this week’s data.”
This content has been provided under specific arrangement with eFXnews.