Dollar-bullish view pays off for Crédit Agricole CIB
Mitul Kotecha, head of global foreign exchange research at CA in Hong Kong, expected the US dollar to continue to benefit from a deteriorating financial landscape in Europe, and maintain its status as the "least ugly currency". However, he did not expect the euro to fall too precipitously and predicted some stabilisation – even recovery. "The EU moved to provide some support to Greece, and Greece itself moved towards resolving its difficulties through austerity measures."
On March 3, the Greek
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