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19 Feb 2014
Flash: Dollar block space stacking up - BBH
FXStreet (Guatemala) - The Global Currency team at Brown Brothers Harriman explained that the strength of the dollar bloc is what is new this month.
Key Quotes:
“Recall that last month, the dollar's performance diverged”.
“ It was strong against the dollar bloc and emerging market currencies. It was weak only against the euro, sterling, and currencies, like the Swiss franc, that move in their orbit”.
“The euro and sterling have continued to move higher this month, but the weakness in the dollar bloc and emerging market currencies has been retraced to some extent”.
Key Quotes:
“Recall that last month, the dollar's performance diverged”.
“ It was strong against the dollar bloc and emerging market currencies. It was weak only against the euro, sterling, and currencies, like the Swiss franc, that move in their orbit”.
“The euro and sterling have continued to move higher this month, but the weakness in the dollar bloc and emerging market currencies has been retraced to some extent”.