USD to strengthen as September Fed rate hike nears – ABN

FXStreet (Barcelona) – FX Strategists at ABN AMRO Bank, predict EUR/USD to head towards parity and USD/JPY to rise to 128 as the September Fed rate hike nears.

Key Quotes

“The US dollar clearly outperformed major currencies. Investor sentiment in currency markets became more constructive resulting in a refocus on themes such as monetary policy divergence. US economic data generally came in above market consensus and Fed’s Williams sounded more hawkish. This supported the US dollar across the board.”

“Going forward, we expect US economic data to strengthen, the Fed to start hiking rates in September and the US dollar to strengthen broadly. We expect EUR/USD to fall to parity and USD/JPY to rise to 128.”

FX Strategists at ABN AMRO Bank, predict EUR/USD to head towards parity and USD/JPY to rise to 128 as the September Fed rate hike nears.

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