Rabobank’s bullish dollar view pays dividends

Jeremy Stretch, senior market strategist at Rabobank, said the bank held the view that there was likely to be a similar situation to the start of last year, with the euro/dollar pair being more than fully priced. "We anticipated that the Fed would continue to hike rates and the markets were pricing in higher rates even at the longer end of the yield curve." He added that market participants had been deterred from shorting the dollar as it has become more expensive.

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