Niels Christensen Current Quotations

We do expect broad-based dollar weakness to resume when or shortly after the U.S. Federal Reserve begins to signal the end of the current tightening cycle.

A lot of investors want to hang on to short dollar positions. In the current environment, you don't want to fight the trend.

Forces driving the dollar are still the same, concerns about the current account deficit. A rise in sterling, triggered by strong UK data, is also contributing to dollar weakness,

The minutes confirmed the current pricing of rate hikes in the market.

The current rate expectations are still supportive for the dollar. But now the market needs to be assured by upcoming economic data.