USD: BNP says there's lots of room for dollar to appreciate

The BNP bank believes that there is room for a rise of the dollar:

"In July's press release, the Fed said the employment objectives are now lower so as to motivate a further rate hike.

Our economists believe that an NFP report around 130k on average is now enough to trigger a rate hike. The last NFP was at 175k, which is therefore well above. We believe that the probability of a rate hike in September is probably around 50% (compared with 15% according to the market consensus).

We therefore believe that there is plenty of room for the dollar to appreciate if future economic data is positive," says the BNP bank.