Flash: A broadly weaker dollar – BBH

FXstreet.com (London) – Strategists at BBH note the dollars softer tone ahead of holidays.

Key Quotes:

“The general divergence evident over the past couple of weeks is on display today”.

“The US dollar is weaker against the European currencies, including the euro and sterling, which are trading at new 4-week and 10-month highs, respectively”.

“The greenback is mostly firmer against the yen, the dollar bloc currencies, and many emerging markets currencies”.

“The news stream has been encouraging for the euro and sterling, and technical considerations may have also forced some investors from the sidelines”.
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