CBA catches USD on the rebound
Commonwealth Bank of Australia (CBA) topped this week's one-month currency forecasts rankings with expectations that the US Federal Reserve Bank's purchase of US Treasuries would deliver a dollar rebound.
"We had pinned our view on the fact that the Fed's decision to begin buying US Treasuries as part of its quantitative easing cycle was not US dollar negative," said Richard Grace, chief currency strategist at CBA in Sydney. "We subsequently believed the dollar would regain all of its lost
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