No replay of 2015 dollar bull run, says UBS
Market movements, however, will be dictated by forward monetary policy signals from the Fed and ECB
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Market participants should not expect to see a replay of the 2015 bull run in the US dollar, despite increasing market expectations that the Federal Reserve will hike rates in December, says Lefteris Farmakis, a macro strategist at UBS. The Swiss bank topped FX Week's three-month forecast tables with close calls on three currency pairs.
While he does expect the US central bank to hike rates at its last meeting in December, Farmakis anticipates the Fed will soften its
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