The US dollar has softened into the end of the week after hitting another new closing high on Thursday. This week, Derek Halpenny, Head of Research Global Markets EMEA & International Securities, and Simon Mayes, Head of UK and Ireland Corporate Sales, discuss the outlook for the US dollar while looking ahead to the key events next week – the ECB meeting and result of the Conservative leadership election in the UK.
Derek also provides an update to the MUFG FX forecasts and explains why USD/JPY could move further higher still after breaking the key 140-level.
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