Westpac sees further room to run for the US dollar
US fiscal stimulus isn't a one-and-done, it will continue to boost growth beyond expectations and help the US dollar in 2019, Westpac believes.
"The risks would seem to be tilted toward a continuation of fiscal fueled US outperformance, at least in the early part of 2019," they write in a note.
They target a rally to 98.00 in the Dollar Index in the next six months with pullbacks to 94.00 an ideal spot for fresh longs.
