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Video / 01 June 2016 at 10:58 GMT

Why USD dip is temporary: Hardy

John J Hardy
This week markets are focusing on the US jobs data out on Friday, says Saxo Bank's Head of FX Strategy John Hardy.

If US earnings are high and unemployment low, Hardy expects USD will rise against the yen and aussie dollar despite the delay of a Japanese tax rate hike and a strong Australian GDP report. He also believes the dollar could rise against the euro.

brian1983 brian1983
hi john, what do u think of Aussie yen?

given strong aussie gdp data, i see AJ gg back to 84... of coz today the yen buying was way overdone due to the delayed sales tax
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