Greenback bears win in three-month
CURRENCY FORECASTS
He said poor fundamentals combined with the potential for a Fed pause left the market with the belief that the dollar was a clear sell. However, knowing when and how much it would depreciate was a matter of gauging sentiment.
"We were of the view that the euro was the clearest alternative to the dollar, and as such we were looking for EUR/USD to move back into the 1.30s," Foster-Smith told FX Week. "Of late, this view may have been tarnished by the European Central Bank (ECB) and its continued
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