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22 May 2015
US economy still outperforms its rivals – BTMU
FXStreet (Edinburgh) - Lee Hardman, Currency Analyst at BTMU, noted the solid performance of the US economy compared with the rest of its peers.
Key Quotes
“The US dollar should also continue to derive support from negative developments overseas which have been the main driver of US dollar strength since the middle of last year”.
“The economic recovery in the US remains at a more advanced stage than in other major economies, and other major central banks are still likely to lag well behind the Fed in raising rates even if they delay raising rates until later this year”.
Key Quotes
“The US dollar should also continue to derive support from negative developments overseas which have been the main driver of US dollar strength since the middle of last year”.
“The economic recovery in the US remains at a more advanced stage than in other major economies, and other major central banks are still likely to lag well behind the Fed in raising rates even if they delay raising rates until later this year”.