BOE on wait & watch mode, USD in Limbo, EUR is undervalued - Rabobank

In an interview with Tip TV, Jane Foley, Senior Currency Strategist at Rabobank said the Bank of England is likely to stand pat and is more concerned about potential second round effects of weak Pound/inflation.

Foley said “USD is in a Limbo” and the Trump trade is being squared off as Trump is yet to deliver on stimulus front.

With regards to EUR, Foley does accept the currency is overvalued, but said it would be unfair to blame Germany alone for the undervalued currency.

A must listen segment for the currency traders as Foley explains short-term/medium-term outlook for major currencies.

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