US dollar advance can extend further
Derek Halpenny, Head of Research Global Markets EMEA sits down with James Roulston in FI FX Sales to discuss the further break higher for the US dollar on Fed rate hike expectations following the strong CPI data. Is the move justified? Derek also explains some of the details of yen flows that have curtailed scope for yen recovery like the huge NISA-related foreign equity buying. AI is also discussed as well with higher rates likely the real challenge ahead for AI trades.