Tag: USD

BNY Mellon talks dollar demand in Global Banking & Finance Review

The summer of 2014 saw a real shift in the USD environment, with the catalyst for a sharp appreciation in the currency coming from USD from the European Central Bank’s (ECB) decision to introduce a negative deposit rate for the euro (EUR). Within days of its implementation, a rally began that subsequently saw the USD …

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In Natixis’ latest FX-MM blog, Nordine Naam examines why ‘the market is in wait-and-see mode over Greece’

Despite Janet Yellen appearing cautious around disclosing any information regarding the timing of interest rate hikes given global risks – one being an eventual “Grexit”, while another a stronger dollar penalising US exports –  Nordine Naam remains confident in this week’s FX-MM blog that the Fed will raise the Funds rate in September. Providing a …

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