FX – the odd man out

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The decoupling of currencies from other markets, which we attribute mainly to the explosiveness of the recent US dollar correction, is ultimately not sustainable. The question of how soon realignment with other markets will begin depends on when the dollar settles down. On this issue, while price action continues to suggest insatiate demand to sell the dollar, the flurry of official statements to stem the euro's rise this week and a string of disappointing economic data in the eurozone have

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