Gaining from oppostion

CURRENCY FORECASTS

"We have been in the vanguard expecting ‘measured’ rate rises in the US, while anticipating that the ECB will stay put for the same period." He added that 4Cast picked up on the growing market view that interest rate differentials were helping to squeeze dollar shorts. "The two ‘no’ votes in the French and Dutch referendums added a eurozone element, which has allowed the dollar to gain even more than we thought was likely, and indeed might keep euro/dollar depressed for longer than we had

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