Forex: What Will it Take to Drive EURUSD Below 1.3500?
• The markets have avoided Emerging Market concern from escalating into panic...for now
• Through the risk and monetary policy tide changes, the US Dollar is showing unique strength
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The imminent threat of a market-wide risk collapse has eased from the beginning of the week, but a real rebound in sentiment is notably absent. Major risk benchmarks like the S&P 500 and yen crosses remain anchored to heavy technical floors, while divergent monetary policy biases are shaping trends for the FX market's more active movers. At the crossroads of these two themes seems to be the US Dollar. An advance with 'risk on', rising yields, rate forecasts and the lingering potential for a safe haven swell - presents a uniquely robust fundamental bearing. We discuss the themes, dollar and other interest trade opportunities in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.