UniCredit backs the greenback
“We felt the market had begun to go dollar-long,” said Armin Mekelburg, foreign exchange strategist at UniCredit MIB in Munich. “Among other sentiment indicators, we looked at the Information and Forschung World Economic Climate Index (Ifo Index) survey.”
Published on February 20, the Ifo Index first quarter survey results found that the market considered the dollar undervalued. The results were based on a survey of 1004 business experts in 90 countries carried out by the Munich-based research
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