USD could outperform EMEA FX ahead in the year – TDS

FXStreet (Edinburgh) - In the opinion of strategists at TD Securities, the US dollar is poised to appreciate vs. its EMEA peers in the upcoming periods.

Key Quotes

“With EURUSD expected to continue its downwards trend, EMEA FX should underperform the USD”.

“Expected rate cuts in Hungary and Poland are likely to be offset by ECB QE - expect EURPLN and EURHUF to remain around current levels for most of year”.

“We expect the TRY to stay weak against USD and basket as the CBRT cuts further”.

“With SARB on hold TRYZAR is likely to make new lows. RUB remains hostage to politics and the oil price”.