Flash: Beginning of broader-based USD strength - Nomura

FXstreet.com (Barcelona) - Following the June FOMC meeting, in view of Nomura FX Strategist Saeed Amen, we are in the beginning of broader-based USD strength, "a trend that we think is likely to continue" Amen notes.

The repercussions of the new environment that will result as a consequence of a higher USD, as Amen points, will be unfavourable conditions for carry-based strategies, "likely to remain tough with vol so high" Amen said.