Poised for further weakness?
ETF Securities Weekly Investment Insights USD Poised for further weakness?
Trade idea – LUSB LN & SUSB LN
USD has fallen against its major currency counterparts as the US Federal Reserve (Fed) projections fell short of hawkish expectations.
The EUR/USD and GBP/USD are trading at the top of their respective ranges established after Trump’s election.
Further upside would require a significant catalyst, which could come in the form of a failed attempt to pass healthcare reform in US House of Representatives. In this scenario the GBP has potential to gain as …