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- USD: Likely to remain an attractive carry investment currency - Credit Agricole
USD: Likely to remain an attractive carry investment currency - Credit Agricole
eFXdata reports that Credit Agricole CIB Research discusses the USD outlook.
"A continuing spike of UST yields could continue support the USD vs low-yielders like the EUR, JPY and CHF. At the same time, to the extent that the rise in yields does not hurt global risk sentiment, other high-yielding currencies like the AUD, CAD, NZD and NOK could attract some inflows as well. This week, we expect the focus in FX markets to remain on US data, the Fed speakers and the path of UST yields. Higher UST yields will boost the appeal of the USD as an investment currency," CACIB adds.
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