Multi Management & Future Solutions | Forex Report
INTERNATIONAL CURRENCY BUZZ: Forex – Dollar Traders See the Fed’s Next Rate Hike as a Big Sell Signal Forex – GBP/USD strong bullish run pauses just ahead of 1.3300 handle Forex – EUR/USD rebounds are likely to be short-term and capped – Westpac EUR/USD: “Their first budget was expected to test EU budget responsibility amidst fears of a fiscal blowout due to the opposing stances of the rightwing League and spending friendly 5 Star. Though still a risk, their budget appears to be falling well inside EU’s 3% deficit to GDP guidance and so a potential negative for EUR is turning into a supportive factor.” “Last week Draghi downplayed downside risks for a balanced and neutral outlook while maintaining their forward guidance. In addition to flash and Germany’s IFO survey, the ECB will be closely watching for any upside pressures within coming inflation data to offset external downside risks and persisting moderation in hard activity data.” “EUR/USD rebounds on the back of Ital...