Saxo Bank: finally time for USD to weaken

US dollar likely to wane if Fed keeps delivering powerful easing

hourglass - dollar - Getty - web.jpg
Time up? The most remarkable development in currencies at the start of 2019 was the resilience of USD

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It is finally time for the US dollar to weaken, as the Federal Reserve plays catch-up with market expectations for rate cuts, says John Hardy, head of FX strategy at Saxo Bank.

The Danish bank topped FX Week’s three-month G10 forecast rankings.

The most remarkable development in currencies over the first months of this year was the resilience of the US dollar, which is likely to weaken if the Fed keeps delivering

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