Concern the U.S. fiscal situation will deteriorate may push the dollar down versus the euro and the yen, according to HSBC Holdings Plc, Europe’s biggest bank.
Investors should buy the pound against the euro on speculation the Bank of England will raise interest rates “well before” the European Central Bank, according to HSBC Holdings Plc.
China’s yuan headed for the biggest weekly rally in almost three years on speculation the central bank will tolerate gains after the trade surplus widened.
China’s yuan fell for a sixth day, touching a 16-month low, on signs a slowdown in the world’s second-largest economy is deepening.
"People will be looking for opportunities to sell the currency pair once it becomes clear that the RBNZ's rate hike story is very much intact."
- Paul Mackel on Jul 28, 2014