The following are BNP Paribas' latest outlooks and forecasts and the USD, EUR, JPY, GBP, and AUD. USD: Bullish. As Q2 comes to a close, the USD continues to garner momentum, despite US front-end yields remaining low. A sustained upturn in both US data and US yields will be particularly supportive of the USD. With the consensus view still bullish the USD, we expect to see good interest to rebuild exposure if macro drivers cooperate. We expect EURUSD to drop to 1.35 by the end of Q2, and USDJPY too to end the quarter higher. EUR: Bearish. The negative deposit rate should be enough to keep the EUR’s downtrend intact ... (full story)