IB&T stays bullish on greenback

CURRENCY FORECASTS

"We’ve been forecasting euro/dollar to stay below 1.30, which essentially is a call for a bottom in the dollar," Tim Mazanec, senior currency strategist at IB&T in Boston, Massachusetts, told FX Week. "This obviously differs from the consensus that has been expecting further dollar losses."

Mazanec said there are a few reasons behind IB&T’s position. They include interest rate differentials, fiscal deficit, correction in commodities and market sentiment. "Market sentiment has been extremely

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