USD Upside Persists on Resilient Data, Says BBH Analyst

Brown Brothers Harriman’s Elias Haddad highlights that the US Dollar retains upward momentum despite a temporary setback from improved US-Iran relations. The positive diplomatic shift initially pressured the greenback lower.

However, Haddad argues that resilient US economic data continues to underpin the dollar, and he expects it to edge higher in the near term. The analyst’s view aligns with a broader market sentiment that the Fed’s policy stance and robust data will keep the USD supported.

Traders should monitor upcoming data releases for confirmation of the dollar’s strength trajectory.