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What’s next for USD as Fed hawks show their talons: Hardy

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May 19, 2016 John hardy, commodity, currencies, currency, dollar, em, eur, euro, expectations, fed, fomc, forex, fx, greenback, hardy, jpy, market, markets, rate, rates, risk, saxo, saxobank, saxobank.com, saxotrader, saxotradergo, sentiment, strategist, strategy, trade, trading, tradingfloor.com, usd, yen
Surprisingly hawkish comments in the latest FOMC minutes is sending the dollar higher, says Saxo Bank’s Head of FX strategy John Hardy.

He looks at how the comments are impacting market expectations for potential US interest rate hikes and where the dollar may go from here. According to Hardy, the greenback is likely to flex its muscles against other currencies, but which ones will depend on risk sentiment in the market.

He highlights what levels to watch out for, when trading USD against euro and yen.