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Hardy: Why USD bulls shouldn't get carried away, yet
The US dollar is higher across the board this Tuesday with USDJPY hitting a seven year high. Saxo Bank's Head of FX Strategy, John Hardy, looks at what's behind the move and whether 124.00 can now be reached.
Renewed talk about an interest rate rise in the States and concerns about Greece are weighing on EURUSD. John says there's severe pressure around the 1.0900 area.
Sterling has also had a good run of late. However, there are many traders who think the pound's recent gains are over-done and John agrees.
02:17 minutes
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