FXstreet.com (New York) – The consensus has shifted since US yields began to climb in May, and most investors we speak to now acknowledge the likelihood of further USD strength ahead, notes Research Analyst Gareth Berry at UBS.
However, “market opinion is still divided on which is the best USD to buy.
We like three in particular: long USD/JPY, long USD/CHF, and short AUD/USD (in order of decreasing merit).”
“The AUD has fallen sharply over the past three months on broad-based US dollar strength, worries over a slowdown in China, and fears over what will replace the mining investment boom in Australia.”
“We …read more