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Dollar weakness is about global reach for yield: Hardy
Saxo Bank head of fx strategy John Hardy outlines the different factors in play between the current dollar weakness and future actions from the Federal Reserve.
Hardy claims that the dollar weakness is all about global reach for yield. The market is looking for higher yields which has an impact on the dollar.
He is looking forward to Fed chair Janet Yellen's speech on Friday. He will also look for hints of short- and long-term policy changes.
02:53 minutes
Tags: dollar, eurusd, forex, fx, gbpusd, john hardy, nzdusd, saxo bank, saxo tv, tradingfloor.com, usd, usdjpy
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