USD outlook stays constructive – Danske Bank

Allan von Mehren, Chief Analyst at Danske Bank, notes the positive prospects for the greenback in the near term.

Key Quotes

“We continue to see USD support near term though with risks increasingly tilted towards three additional Fed hikes this year”.

“The refunding announcement from the US Treasury contained few surprises in terms of maturity distribution, but the sheer size of issuance ahead should continue to put upward pressure on US yields and support USD, everything else equal”.