StanChart backs emerging market growth
Standard Chartered topped this week's one-month currency forecast rankings by maintaining a bearish dollar view as the global economy stabilises.
"Our base case was the global economy would continue to stabilise and recover in the second half of 2009, with the result that the US dollar would weaken broadly as investors used it as a funding currency to invest abroad," said Callum Henderson, global head of foreign exchange research at Standard Chartered in Singapore. "In the short term, we
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