Lombard Odier believes the US dollar will strengthen further.

PANews October 19 news, according to Cailianshe, as U.S. economic growth strengthens further and market concerns about the Federal Reserve's independence ease, the outlook for the U.S. dollar has improved. Lombard Odier & Cie has turned bullish on the dollar, reversing its previous bearish stance. The institution lowered its EUR/USD forecast from 1.14 dollars to 1.09 dollars, raised its USD/CHF forecast from 0.83 francs to 0.85 francs, and adjusted its view on the dollar against emerging market currencies to neutral. This is Lombard Odier's latest move to further play down its bearish dollar stance; in June, the institution had already raised its dollar allocation recommendation from underweight to neutral.