Katrina adds to uncertainties
CURRENCY FORECASTS
However, the Canadian bank has only slightly changed its euro forecast following Katrina to a slightly weaker dollar in three months time to 1.2450 from 1.2250. "Right now we see better trading opportunities in the resource-based currencies, especially the Canadian dollar on crosses versus the majors," added Cooper.
Ashraf Laidi, chief currency analyst at MG Financial in New York, said MG viewed China's July revaluation as the chief catalyst to capping the dollar's seven-month rally. "After this
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