Strategy tools point to euro success
NEWS
LONDON -- Two new sophisticated FX strategy tools recommended buying euro/dollar in August, giving the single European currency a much-needed boost.
Enhancements to Citigroup's CitiFX Flows Service helped the bank to issue its first buy recommendation on euro/dollar since February 2000, while the FX Barometer from Deutsche Bank's FX strategy team announced euro/dollar has been in positive territory since July 6.
Philip Brass, CitiFX Flow adviser at Citigroup in London, told FX Week that the bank
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