“The Fed has signaled it's near the end of the rate cycle, while we expect a few more rate hikes in Europe. This is putting pressure on the dollar and helping the euro.”
“There are a lot of people betting on the euro so there's not a lot of room for a further rally. There aren't any fresh reasons to sell the dollar after a big move last week.”
“The yen's getting a bit of a bounce back and this move could go further. The BOJ are pretty confident and they want to get moving on changing their policy.”
“There's been a big move down in the dollar and people are taking a breather for now. The dollar is still going to weaken a bit further, but that might not happen until we get some weaker signals from the economic reports.”
