Saxo Group Videos

Hardy on the 'impressive' dollar strength story

The US dollar has been trading at cycle highs across the board, not least after particularly good jobs numbers on Friday in the nonfarm payrolls. Saxo Bank's Head of FX Strategy, John Hardy, looks at how the forex markets are looking this Monday and what we can expect over the coming days.

He considers the ramifications of S&P's downgrade of Italy to just a notch above junk status and notes how EURUSD is holding up relatively well despite the dollar's overall strength. He also tells us why the euro is not weak across other major currency pairs, notably against JPY and AUD. Traders also have to be aware of numerous national policy announcements this week, not least from the Swiss, Norwegian and New Zealand central banks.

02:51 minutes
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