The near-term path of least resistance for USD is to keep rising – Credit Suisse EURUSD Fed GBPUSD USDJPY Banks
“Looking at the immediate future, the balance of risk has tilted from concerns about a possible weak US CPI number to instead thinking about whether a 100 bps Fed rate hike is on the slate for the 21 Sep FOMC. In this circumstance, the near-term path of least resistance for USD is to keep rising, at least until a 100 bps Fed rate hike is at least 50% priced in.” 0.9700, USD/JPY 145 , AUD/USD 0.6550, USD/CNH 7.05 and GBP/USD 1.1250.”is back close to 30 also tends to help the greenback, as a rule.
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