SaxoTV

Brooks: The Fed needs to 'bite the bullet' for USD strength

885 views
July 30, 2015 bank of england, bite the bullet, biz, boe, business, city index, content, currencies, currency, currency pairs, dollar, dollar strength, elections, euro, euro dollar, euro prospects, euro strenth, euro weak, europe, eurusd, fed, fed hike, fed meeting, fed minutes, fed rates, finance, forex, forex.com, fx, global, global growth, greece, greece crisis, greek crisis, growth, hike, inflation, interest, janet, janet yellen, kathleen brooks, mark carney, markets, news, nonfarm payrolls, owen thomas, rates, report, saxo tv, sterling, syriza, trading, tradingfloor.com, tv, uk inflation, us data, us economy, us fed, us gdp, us growth, us uk rates, usd, usdeur, video, video content, yelle, yield
The Fed will hike in September, the dollar will strengthen and the euro is set to fall significantly. That's the view of forex market-watcher Kathleen Brooks from City Index. She's convinced the FOMC will 'bite the bullet' and raise rates which will confirm the dollar strength story.
The euro is looking particularly vulnerable, she says, not least because concerns about Greece could soon resurface. Brooks also looks at the prospects for sterling which has been enjoying a good run of gains in the past few weeks.