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Saturday 18 February 2017

BNP Paribas: The dollar should be higher

According to estimates by analysts of the bank, now short-term speculators are in short positions in the dollar (-10 on a scale of -50 to +50), which creates prerequisites for its further growth. In addition, current market assessments of the likelihood of an increase in interest rates at the meeting of the FOMC in March is only 30% (full year foresees two increases, while so-called "points" show at least three).

According to estimates of the model of the bank, taking into account differences in yields, dollar index should be in the region of 105 (currently less than 101). The published data on the consumer price index of the United States, will also support US currency. Bank analysts recommended buying the dollar against major currencies in anticipation of reduced appetite for risk.


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