Dollar to run out of momentum, CBA says
Commonwealth Bank of Australia thinks the euro has larger upside potential than the US dollar
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While escalating trade tensions have supported the dollar against currencies such as the Mexican peso and the Canadian dollar, the greenback’s broader strong run could soon come to an end as European growth regains momentum, says Richard Grace, chief currency strategist at the Commonwealth Bank of Australia.
“We think the dollar appreciation will run out of steam, as European GDP growth regains traction and concerns over Italy subside,” Grace says.
CBA topped FX
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