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Home / Capital / Brokers Calls

OCBC bullish on US Dollar recovery but contested elections could spoil the party

Broker's Calls

OCBC bullish on US Dollar recovery but contested elections could spoil the party

Ng Qi Siang Published on Mon, Sep 28, 2020 / 3:45 PM GMT+8

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OCBC FX strategist Terence Wu has reiterated the bank’s constructive outlook on the US Dollar as US equities firmed up on Friday (September 25).

“With the S&P500 off lows but not out of the woods and gold still heavy, the the correlation dynamics likely still favour the USD,” he writes in a daily market outlook report on September 28.

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