Dollar primed for a major rally in the coming months
During last week’s FOMC meeting, Fed Chair Yellen implied that the first hike to the Fed Funds target could happen as early as Q2 2015. This is likely to render the dollar increasingly sensitive to a faster rebound in US economic data over the coming months. That’s already incorporated into our existing dollar view, but we take this opportunity to fine tune our forecasts elsewhere.
Read the full report: UBS