More from FXstreet.com

Forex Flash: USD would remain week in medium/long term – Danske Bank

By FXstreet.com,  December 13, 2012, 08:16:00 AM EDT

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar index, is finally managing to get some relief after the few past sessions, where the risk appetite and later the FOMC have been hammering the safe haven.

After yesterday announcements by the FOMC, Senior Analyst K.Kirkegaard at Danske Bank has concluded that the final expansion of the Fed's balance sheet would be a stunning $1.020 billion, negatively impacting on the US dollar. "We thus maintain our bullish carry view and remain long AUD, RUB, NOK against USD… EUR/USD may not be the most obvious trade to position for Fed balance sheet expansion, but we still look for a move higher over the coming quarters".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Homeless in New Dehli
Homeless in New Dehli               
Homeless in New Dehli
Homeless in New Dehli               
Thomas Vitiello's Target For Gold Prices
Thomas Vitiello's Target For Gold P...
Weekly Market Wrap: May 24, 2013
Weekly Market Wrap: May 24, 2013   


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%