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Forex Flash: USD expected to strengthen – BofA Merrill Lynch

The greenback, gauged by the US Dollar Index, is extending its rally post-FOMC minutes, hovering over 81.50 as we enter the last part of the NA session. Market participants accelerated their exodus from the risk-associated assets on Thursday, as the USD showed no sign of weakness.

Analysts at BofA Merrill Lynch suggested, “The reasons for the dollar’s appreciation are mostly positive and suggest it may be embarking on a strong secular uptrend. Absent a crash in the US bond market, our house view remains very constructive on the USD”.

Forex: EUR/USD retesting today’s lows

The soft tone is still weighting on the single currency, losing the 1.3200 handle and sliding back to the area around session lows below 1.3180...
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Forex Flash: EUR/JPY upside prevails while above 121.50 – Commerzbank

The pair is suffering the opposite forces from the single currency and the Japanese yen, as the European currency remains under heavy pressure after yesterday’s FOMC minutes while the latter is well...
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