FX Invest Europe: Developed market currencies still important despite EM buzz

dollar-squeeze-leverage

The recovery of the US economy and other developed countries will be crucial in driving foreign exchange markets forward in 2012, despite the increasing value that can be gleaned from emerging market currencies, according to speakers at the FX Invest Europe conference in Zurich today.

“We need developed markets to lead and grow – in order to get out of this crisis, we need the US most importantly. The longer-term refinancing operation has done a lot to fuel the rally, but in order for that to be

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