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27 Aug 2014
Market is buying dollar dips - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman suggested that there still is a strong bias toward buying dollar dips."
Key Quotes
"The euro has not been able to move back into last week's ranges. At the end of last week, it made a low of $1.3221, according to Bloomberg."
"Sterling broke below $1.66 on August 21 and attempts to resurface it have been stymied for the past several sessions. Against the yen, the dollar rose to almost JPY104.20 at the end of last week and continues to knock against it now. Support is pegged in the JPY103.50-75 area."
Key Quotes
"The euro has not been able to move back into last week's ranges. At the end of last week, it made a low of $1.3221, according to Bloomberg."
"Sterling broke below $1.66 on August 21 and attempts to resurface it have been stymied for the past several sessions. Against the yen, the dollar rose to almost JPY104.20 at the end of last week and continues to knock against it now. Support is pegged in the JPY103.50-75 area."