A declining flight to safety - BMO Capital Markets

FXStreet (Barcelona) - Stephen Gallo, European Head of Currency Strategy at BMO Capital explained that the broad value of the USD was basically trading unchanged by the end of the London morning and start of this week.

Key Quotes:

“In some areas, key interest rate differentials have been more USD supportive than they were last week, given the normalisation in sentiment."

"But this has been offset by a declining flight to safety, as well as some further moderation of long USD exposures”.

“Global commodity and equity prices were basically stable during the Asian session and London morning."