CIBC: steady as they go for G10 currencies in 2020

Don’t expect large FX moves this year, says Canadian bank

G10 currency boat.jpg
Calm waters: G10 currencies are unlikely to make big waves in 2020, says CIBC

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Despite bellicosity between the US and Iran, the outlook for G10 currencies in 2020 is one of slow and steady rather than brutal and aggressive moves as economic growth in those countries remains subdued, and central banks largely stick to their monetary policy stances, says CIBC Capital Markets.

While not discounting the impact of the US-Iran conflict – it may shave 10 or 20 basis points off growth figures – on

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