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Trading news
15 Apr 2019
Energy independence a strong positive factor for the US dollar - BMO
The US fiscal imbalance is out of control, however, its energy independence could offset the fiscal issues for several years, helping the American dollar stay bid, according to analysts at Bank of Montreal (BMO).
Key Quotes
- The US is not vulnerable to a supply shock.
- Energy independence "has to be a positive factor for the USD", prevents the fiscal imbalance from denting the US dollar.