Flash: USD firmer after first round of adjustment of positions - BBH

FXstreet.com (Barcelona) - the Forex market has become more treacherous than usual, said Marc Chandler, global head of strategy of foreign exchange at BBH, on the basis that the environment of low types of interest observed in recent years may have their months.

Marc believes that although the period can last between 3, 6, or even 9 months still, "it is better arrive soon that afternoon to the adjustment of positions acting accordingly." However, the analyst suspected that the first round of the adjustment of positions has been completed and that this can result in a slightly firmer dollar, best performance in the currencies of emerging markets and a recovery in equities in the coming days.

"The dramatic movements of last week appear to have purged some of the positions of those who arrived late to the party," he added.

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