Watch the interview of Jeremy Stretch CIBC with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on currency market.
Watch the interview of Jeremy Stretch of CIBC and Miswin Mahesh of Barclays with Manisha Gupta on CNBC-TV18 where they spoke about the impact of Brexit on the commodity and currency markets.
The weakening pound is going to mean a cheaper euro. And, if euro cheapens, the dollar is going to get stronger. The dollar will mainly benefit from safe haven flows into the currency, says Jeremy Stretch.
One piece of upbeat US economic data and some comments from the European Central Bank on monetary stimulus: that's all, it seems, the dollar needed to get its zing back.