CIBC is bearish on greenback for remainder of 2018

The firm says the dollar is overvalued, and facing a convergence of growth and monetary policy

Draft Fed TLAC rules unclear on structured notes
US interest: “Markets have become less sensitive to Fed speak now,” says Bipan Rai of CIBC


The dollar is set to weaken over the remainder of 2018 as it is currently overvalued and must contend with the growth picture elsewhere, as well as the willingness of other central banks to begin tightening their policies, says Bipan Rai, North America head of foreign exchange strategy at CIBC Capital Markets.

“We’re maintaining our bearish USD call on balance for the rest of the year,” he says. “Part of the story is predicated on valuation – we see the greenback

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: