As per the latest Global Research report from the Bank of American (BofA), the US dollar (USD) and Japanese yen (JPY) are likely to witness further buying in the fourth quarter (Q4) due to their safe-haven nature. The underlying reason spotted is the global economic weakness due to the coronavirus (COVID-19) resurgence.
Key quotes
The strong rebound in 3Q was temporary, driven by base effects from the 2Q lockdown.
Indeed, global data have already started weakening, as the base effects are behind. We expect reintroduction of COVID-19 measures in most countries, and particularly in Europe, will also contribute to a weak 4Q.
We note the US economy continues to perform better than most of the rest of G10.
EUR/USD and USD/JPY are both down…
By the press time of early Monday, EUR/USD fails to extend Friday’s run-up while taking rounds to 1.1812, down 0.12% intraday. On the contrary, USD/JPY remains offered and keeps the previous day’s weakness directed towards 105.50, currently down 0.05% to 105.55.
원저자가 모두 저작권을 보유한 FXStreet에서 재 인쇄 함.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.