We maintain our constructive view on USD as we expect the Fed to start hiking in September. Our updated FX forecasts see further USD gains against all G10 currencies with only GBP and NZD able to 'keep up' with the USD. We continue to see EUR/USD touching parity in Q4 before consolidating henceforth. We expect JPY and AUD to remain the biggest underperformers in G10. Financial markets are becoming more unsettled with currencies feeling the full force of their disturbance. Nowhere have those forces been more evident than EUR/USD where recent price action has appeared as if the currency was chained to the sinking ... (full story)