Wells Fargo said that in the absence of a catalyst to trigger a reversal, the current theme of strengthening the dollar and arbitrage operations may continue further. “Interest spreads widening as other G10 central banks cut interest rates before the Federal Reserve may act in September may further support the dollar,” said Chidu Narayanan, the bank's chief Asia-Pacific strategist based in Singapore. Narayanan added that next week's CPI inflation data will be the key. It anticipates further upside in USD/JPY.
富国银行表示在缺乏触发逆转的催化剂之际当前美元走强和套利操作的主题可能会进一步延续。“随着其他G10央行在美联储9月可能采取行动之前降息扩大的利差可能会进一步支撑美元”该行驻新加坡的首席亚太策略师Chidu Narayanan表示。Narayanan补充道下周的CPI通胀数据将是关键。其预计美元/日元还有进一步上行空间。
Wells Fargo said that in the absence of a catalyst to trigger a reversal, the current theme of strengthening the dollar and arbitrage operations may continue further. “Interest spreads widening as other G10 central banks cut interest rates before the Fede
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