Sanity check on the value of emerging markets
FX Week has hosted two conferences for foreign exchange investors and currency managers so far this year: one in Zurich in March and the second in Toronto in April. Although only four weeks apart, there was a distinct change in atmosphere from one event to the next.
In Zurich on March 8, a number of managers bemoaned the falling dollar and ongoing problems in the eurozone, calling into question the future of the dollar as the standard reserve currency. A senior FX portfolio manager at Pimco
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