DXY risks a visit to 92.00 – Westpac

In view of strategists at Westpac, the US Dollar Index could slip towards the 92.00 handle, where it should find decent support.

Key Quotes

“Biased to play for yet more USD downside in coming weeks, a re-test of the 16mth 92.0 lows set in early May on the cards”.

“A cautiously hopeful Fed hardly inspires, while their meaningfully more dovish forward guidance via the dots should raise alarm bells for long term USD bulls”.

“Eurozone growth momentum meanwhile surprising on the upside, 9mth highs in the ZEW expectations sub-index suggesting the region’s strong Q1 growth outturn was no flash in the pan”.