Mar 25, 2013
Forex Flash: Expect further USD strength in Q2 – JP Morgan
Broad and significant USD strength was seen in Q1 and JP Morgan analysts expect this trade-weighted trend to persist in early spring but not for all of Q2. “Targets continue to reflect country-specific factors which have been dominating currency markets this year, rather than a top-down view on the dollar”, they wrote, pointing to the EUR/USD at 1.32, USD/JPY at 97, GBP/USD at 1.47, AUD/USD at 1.05, USD/CAD at 1.01, USD/MXN at 12.30, USD/BRL at 1.90, USD/KRW at 1060, USD/INR at 55.5 and USD/ZAR at 8.90 in Q2.
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