Mark Matthews of Bank Julius Baer & Co said that the American market rallied overnight with key indices hitting intraday records after the Federal Reserve left rates unchanged.
"Economic data is rebounding in July, we can see that in the US consumer confidence, in German business expectations but at the same time Central Banks around the world have adopted a more dovish stance", he said.
"Dollar is extremely oversold on every measure whether it is fundamentals or positioning", he added.
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