CIBC: steady as they go for G10 currencies in 2020
Don’t expect large FX moves this year, says Canadian bank
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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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