If the Fed cuts rates by 25 basis points but strongly hints at the prospects of further cuts in the upcoming months then this should be bearish for the dollar, although the greenback may initially spike higher given the somewhat elevated expectations for a 0.50 per cent cut -- clearly some dollar bears
will be disappointed in this [likely] event.
If not, then it's more likely the US dollar bears
will continue to gain traction, selling off the dollar in favour of other safe-haven assets.
Though there is plenty of event risk out there this week that will give plenty of thought for dollar bears
,' said Ulrich Leuchtmann, an FX strategist at Commerzbank in Frankfurt.
are back The Greenback gasped for air on Thursday with prices temporarily reversing earlier losses after stronger-than-expected U.S.
In light of the less dramatic central bank "divergence", analysts have revised their views on the dollar, with a small minority of dollar bears
, and many dollar bulls revising down their dollar targets, said the report.
Resurgent gold, recently at a quarter-century high of over $700 an ounce, was the main haven for dollar bears
in 2005, but with the eurozone set to expand by a dozen or more nations in as many years going forward, it is clear that the still-fledgling euro's international allure has enormous upside potential.
dollar sank below 106 yen Friday in Tokyo as dollar bears
nullified suspected Bank of Japan (BOJ) interventions in light of a surge in Japanese equities prices and chronic U.S.
The thick layer of uncertainty surrounding Trump should encourage short term Dollar bears
to look beyond the US rate hike expectations with the Greenback poised to edge lower.
may find further support from the August manufacturing ISM," said Audrey Childe-Freeman, head of foreign exchange strategy.
Dollar sinks below 106 yen as dollar bears
negate BOJ bids
Further weakness in Friday's inflation report may install Dollar bears
with inspiration as expectations rapidly diminish over the Fed taking any action in 2016.