Greenback continues to prevail - TDS

FXStreet (Guatemala) - After the prior week’s USD rally, the past week has seen the USD depreciate against every G10 currency except GBP and JPY.

Key Quotes:

“GBP’s underperformance has mainly been concentrated with markets first pricing in a dovish quarterly Inflation Report from the Bank of England and then reacting to an even more dovish than expected report”.

“Rates markets have pushed back expectations of when the first BoE hike will be and flattened the curve and the pound has sold off as a result”.

“USD/JPY has continued to grind higher but has shown some early signs of consolidating toward the end of the week”.