CMC's 12-month USD view on the money
"We were also particularly doubtful of the then emerging first-in, first-out hypothesis, which stipulated the US recovery would precede the rest of the world on the grounds of greater policy stimuli by the Fed and the Treasury," said Ashraf Laidi, chief strategist at CMC Markets in London.
Laidi said that, in contrast, currencies that would seem to be vulnerable to any renewed waves of risk aversion were the Australian dollar and Norwegian krone. However, he added that CMC focused on the two
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