USD vigilant on Comey’s testimony – Danske Bank

Allan von Mehren, Chief Analyst at Danske Bank, sees the upcoming testimony by former FBI Director J.Comey as key for the near term price action of the greenback.

Key Quotes

“With the Trump factor now largely priced out of USD, the potential for USD weakness from new allegations against the US president should be somewhat limited”.

“That said, new information on the extent to which Trump may or may not have interfered with the Russia probe could shift sentiment on the dollar as it could affect the room to manoeuvre for Trump with respect to his political and notably fiscal agenda”.