US fiscal imbalance 'out of control', but a strong offsetting positive factor for the USD

Author: Eamonn Sheridan | Category: News

BMO on a supportive factor for the US dollar, despite a fiscal imbalance that is "out of control."

  • fiscal fundamental is the more important fundamental
  • but we acknowledge that the energy independence fundamental could offset it for several years
  •  thereby prevent the fiscal factor from denting the dollar

So, BMO citing energy-independent US:

  • country not vulnerable to a supply shock
  • Energy independence "has to be a positive factor for the USD" 

BMO also recognise the Fed share of credit for the USD gains in 2018.


BMO on a supportive factor for the US dollar, despite a fiscalimbalance that is "out of control."
ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose