Crédit Agricole bullish on commodity currencies
"We tried to take a pragmatic approach to our one-month forecasts, attempting to capture the shifting market dynamics over recent months," said Mitul Kotecha, global currency strategist at Crédit Agricole in Hong Kong. "We expected the influence of risk on currencies to wane while relative growth and interest rates would gain in importance."
Kotecha is also focused on expectations the US dollar will underperform over the next six months as the Federal Reserve Board embarks on its programme of
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