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Why the US dollar will strengthen – HSBC

“Analysts at HSBC argue that the consensus is for US dollar weakness but that they’re contrarians and calling for strength” reports forexlive.com. Given that US dollar longs are extremely crowded in the CFTC report, I’m not sure I agree with the premise that USD-longs are contrarian but they make a solid argument for dollar strength.Argument 2) The US economy is set to slow, while Eurozone growth will pick up US growth estimates are being revised upwards, while the Eurozone needs growth to recover just to meet existing forecasts.The market seems to assume a Eurozone recovery but cannot explain the big growth miss so far in 2018.
 
Source: forexlive.com



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