In general, everything that has happened will tend to play USD positive on a multi-month basis, to the extent that individual negative currency fundamentals related to the JPY, GBP and CAD have not changed, and now the EUR has largely excluded itself as a possible alternative to the USD as a medium-term long versus these currencies. Equally, particularly now that the USD’s natural anti-pole has become less attractive, there is some sense that USD strength is continuing to broaden.
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Deutsche Bank