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Could USD weakness see risk-on shift?
What could be favourable tactical positioning this week and beyond, asks Kay Van-Petersen, macro strategist at Saxo Capital Markets in APAC.
Following the meetings of the Bank of Japan and Federal Open Market Committee, Van-Petersen examines positions in NZD, AUD, RUB, INR, IDR, SGD and CHF while the US dollar remains weak.
USD should be weak for a long period, he says, adding that the next meaningful Fed meeting should be December 14 as its November 2 meeting is likely to be overshadowed by the US election on November 8.
02:29 minutes
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