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    USD to rise versus most currencies over medium-term - Wells Fargo Matías Salord

    According to currency strategists from Wells Fargo the value of the US dollar will rise over the medium-term.Key Quotes:“After exhibiting broad weakness throughout the first few months of the year, the U.S. dollar has recovered modestly from lows seen around the beginning of May, although the greenback has pared some of those recent gains in part due to the subdued May U.S. jobs report.”“ Major currencies are somewhat mixed, but generally firmer on balance, over the past few months. The euro is little changed since March as the ECB left policy unchanged in April and June, while the Canadian dollar has risen modestly in value, in part due to the rise in oil prices. The yen has been fairly resilient on a slight reduction of near-term easing expectations, while the British pound has been volatile ahead of the U.K. referendum on EU membership.”“Our currency strategists expect the U.S. dollar to rise in value versus most currencies over the medium term. This view reflects expectations for an eventual resumption of Fed rate hikes, particularly as many of the world’s major central banks are set to ease or maintain their existing policies in the coming quarters.”   


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