SaxoTV

Has the USD rally hit its peak?

247 views
October 07, 2014 china, china manufacturing, commodities, curr, currencies, currency, currency markets, currency pairs, currency trading, dfx, eur, euro, euro area, euro dollar, europe, european, european central bank, european economy, eurozone, eurusd, forecast, foreign exchange, foreign exchange market, forex, forex 2014, forex 2014 outlook, forex and more, forex audusd, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forextrading, forreign exchange, forward guidance, fx, fx award, fx changes, fx chart, fx crosses, fx dealing, fx dollar swiss, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx tradersfx, fx trades, fx trading, fx tradinging, fx trends, fx usdchf, fx usdjpy, fx volatility, fx volatitily, fx vols, fxallocationmodel, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, index trading, jp, jpm us, jpn, jpy, jpy crosses, jpyusd, uer, us, us banks, us budget, us debt, us debt ceiling, us dollar, us dollar index, us economy, us fed, us federal reserve, us gdp, us government, us government shutdown, us growth, us jobs, us jobs data, us non farms, us non-farm payrolls, us politics, us recovery, us shutdown, us stocks, us unemployment, usa, usa economy, usd, usd dollar index, usd eur, usd euro, usd index, usd index bull, usd job data, usd jpy, usd strength, usd yuan, usda, usda report, usdaud, usdbrl, usdcad, usdcad bear, usdcad sell, usdcad trading, usdchf, usdchf bull, usdchf bullish, usdcny, usdeur, usdgbp, usdgdp, usdjpy, usdjpy currency, usdjpy falls, usdnok, usdnzd, usdrub, usdtry, usdusd
A report from HSBC's suggests the dollar will be the world's strongest currency both this year and next. Last week, USDJPY breached 110 for the first time in six years. On Friday, US dollar notched its twelfth straight week of gains, after data in the US showed unemployment fell to a six-year low of 5.9 percent.

But London-based trader Neil Staines explains that whilst he has been an advocate for the dollar for a long time, now the argument "is perhaps not as strong as it has been". He says that overall, support from the dollar has diminished. Here he explains why, and shares his views on which levels to watch out for in euro dollar and dollar yen.