Correction the greenback more room to run? - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the US dollar's run stopped last week, but not before new highs were recorded against the euro, sterling, and the yen.

Key Quotes:

“Technically, the dollar has had a strong bull run that has been sustained for several months, and the pullback, thus far, has been quite modest in terms of retracement objectives”.

“While that could speak to the dollar's resilience, it may mean that the correction has more room to run. Market positioning is still very extended, and the technical indicators are consistent with additional near-term dollar losses”.