BNP like the the US dollar ahead of the US election, especially with geopolitical risk

BNP like the euro but ahead of the US election assess that its prudent to add USD hedges:

• risk of escalating conflict in the Middle East, geopolitical risk underpriced
• ahead of US elections
• investors positioned short USD

BNP like the USD, especially against currencies with weaker fundamentals.

Room to run higher for the US dollar?

This article was written by Eamonn Sheridan at www.forexlive.com.

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