Big issues, small movements


The US may be the current focus of the FX markets, but dollar uncertainty should prompt investors to look closely at euro/yen says Jeremy Fand, global head of FX research at UBS Warburg

At the heart of most FX market participants’ concerns is the US story. The US economy is clearly on its way back to health, thanks in large part to some very aggressive action on the part of the Federal Reserve. Yet questions remain about the sustainability of this recovery, as Fed chairman Alan Greenspan observed

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