Nomura Warns of USD Reversal Risks Despite Bullish Consensus
Nomura strategists note that while the US dollar’s bullish case is supported by strong data and Fed expectations, historical patterns around data surprises suggest downside risks ahead.
USD
Nomura's Dominic Bunning and colleagues caution that the current bullish consensus on the US dollar faces reversal risks.
The dollar bull case remains underpinned by robust US economic data, higher Federal Reserve rate expectations, and strong US equities. However, analysts point to historical patterns around US data surprises, which tend to signal potential downside for the greenback over the next period.
Source: FXStreet Forex News