John Taylor: outlook for USD, EUR and JPY
Tuesday, April 24, 2012 - 08:15
John Taylor, the head of currency hedge fund FX Concepts, expect US dollar to strengthen versus the single currency in the second quarter. The specialist says that “Europe’s going to be in a recession and they’re going to have to print more money and be looser, and the U.S. is going to have a stronger economy than them by quite a bit.”
As for USD/JPY, Taylor thinks that the pair may weaken in the next 2-3 months as prospects for further easing from the Federal Reserve damp investor demand for the greenback: “If we do have a crisis in Europe and a little recession scare in the U.S., that might drive money back to the yen and it’ll be stronger for a couple of months before it weakens”. According to Taylor, if the Fed increased stimulus in the second half of the year, the greenback would also drop against euro.
Chart. Daily EUR/USD
John Taylor: outlook for USD, EUR and JPY // FBS Markets Inc.
Tuesday, April 24, 2012 - 08:15
John Taylor, the head of currency hedge fund FX Concepts, expect US dollar to strengthen versus the single currency in the second quarter. The specialist says that “Europe’s going to be in a recession and they’re going to have to print more money and be looser, and the U.S. is going to have a stronger economy than them by quite a bit.”
As for USD/JPY, Taylor thinks that the pair may weaken in the next 2-3 months as prospects for further easing from the Federal Reserve damp investor demand for the greenback: “If we do have a crisis in Europe and a little recession scare in the U.S., that might drive money back to the yen and it’ll be stronger for a couple of months before it weakens”. According to Taylor, if the Fed increased stimulus in the second half of the year, the greenback would also drop against euro.
Chart. Daily EUR/USD
John Taylor: outlook for USD, EUR and JPY // FBS Markets Inc.