The US Dollar has little potential for strength right now – Commerzbank

The US Dollar has little potential for strength right now – Commerzbank DollarIndex UnitedStates Banks

Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, sees good reasons to be cautious with USD longs at the moment.“It is becoming increasingly clear why the ‘it was always alright in the end’ argument is of little use when it comes to the looming US Treasury debt ceiling.”

“Anyone looking at USD risk has to weigh the probabilities against the consequences. And then the risk of default becomes so relevant that it is likely to make many market participants more cautious. This may be one of the reasons why the Dollar has so little potential for strength right now.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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