Monday, September 21, 2015

Fate of dollar Bulls post-Fed - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the US dollar sold off in response to the Fed's lack of action, but it rebounded to close firmly before the weekend.

Key Quotes:

"For the week as a whole, it was mixed. The Australian and New Zealand dollars were the strongest of the majors, advancing 1.3%-1.4% against the greenback. They extended those gains on Friday, even though the dollar was firmer against most of the other majors.

The euro was the weakest of the majors, losing about 0.35% against the dollar. The pre-weekend loss of about 1.4% offset the earlier gains and a little bit more. "
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