Eurodollar rise has run its course, says Standard Chartered
Standard Chartered has topped this week's one-month currency forecast rankings after predicting a corrective bounce in the US dollar towards the middle of 2011.
"Even after the May sell-off, the market consensus was still for the US dollar to fall throughout the year, but we had a different take. Having observed some disquieting similarities between 2008 and 2011, notably the spike in commodities, rate differentials moving against the US dollar and a prospective rate hike from the European
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