CIBC remains bearish on dollar for medium term

Canadian bank’s currency strategist reckons the issue of twin deficits will thwart the greenback’s march

Moving away: ECB and US central bank hint at divergent policy paths at June meetings


The June rate-setting meetings of the Federal Reserve and the European Central Bank have sharpened the divergence between the policy paths of the two countries. But in the medium-term, structural issues in the US economy will dampen the dollar’s march, says Jeremy Stretch, head of G10 FX strategy at CIBC.

The dollar rallied after the Fed hinted at the possibility of a fourth hike this year, after its decision to nudge the key interest rate up 25 basis points on

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: