BNP Paribas rely on purchases of dollars

Forex strategists of BNP Paribas said, that they expect a favorable moment for opening new long positions on the US dollar.
"On markets remain anti-risk sentiments because of the recession in Chinese stocks and key Asian stock indices, including Nikkei 225.
Unfavorable ISM's report on industrial activity in the United States added to pessimism, forcing investors to turn to safer assets.
This trend leads to sales of high-yielding currencies and currencies of countries exporting raw materials. There is demand on currencies for funding." - noted experts of the investment bank.
However, they added that the dollar performs better than expected against the currencies of funding. Markets calculate in the prices the minimal tightening of monetary policy by the Federal Reserve in 2016, so we can hardly expect a sharp correction of forecasts downwards in response to the current market volatility, according to the BNPP.