Nomura maintains faith in dollar recovery

Nomura

On January 14, the Japanese bank correctly predicted EUR/USD would be at 1.35 in a month's time – accurately reflecting the spot rate on February 11. Looking forward, Nomura expects the dollar to strengthen over the course of 2011, based on improved economic data in the US.

"Our view over the past month or so, and it's also a view we retain now, is that the dollar should start to do well. The US economy is picking up and US yields were sharply higher this past month. That's how we supported our

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