RBC is bullish on the U.S. dollar: "Longer term, we still expect to see USD grind higher almost...

|By:, SA News Editor

RBC is bullish on the U.S. dollar: "Longer term, we still expect to see USD grind higher almost by default when other currencies remain under cyclical pressure. We think the U.S. is further ahead in the economic cycle compared to the euro area, UK and Japan, and over a long enough horizon, the prospect of Fed exit will drive that through to the currency." (ETFs: DBV, UUP, UDN, UUPT, UDNT)