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5 Dec 2014
Weaker trajectories for Euro and Yen - Nomura
FXStreet (Bali) - In view of Nomura, heading into 2015, US dollar strength, asset allocation shifts out of the Eurozone and Japan and pressure on commodity currencies, will remain the key themes for FX markets.
Key Quotes
"We are not big fans of lengthy year-ahead pieces, but like many others we are thinking into 2015. The key themes remain: 1) dollar strength, driven by US growth outperformance and monetary policy normalization, 2) asset allocation shifts out of the eurozone and Japan, based on unattractive domestic return prospects (especially in fixed income and money markets) and 3) pressure on commodity currencies, which are adjusting to declining terms of trade and weaker trade and capital flows."
Key Quotes
"We are not big fans of lengthy year-ahead pieces, but like many others we are thinking into 2015. The key themes remain: 1) dollar strength, driven by US growth outperformance and monetary policy normalization, 2) asset allocation shifts out of the eurozone and Japan, based on unattractive domestic return prospects (especially in fixed income and money markets) and 3) pressure on commodity currencies, which are adjusting to declining terms of trade and weaker trade and capital flows."