Greenback set to firm up?
After some 20 months of downturn, there is at last a light on the horizon for the United States and confirmation that economic recovery is under way. With the end of the financial crisis near, we believe the financial markets will soon cease to trade the USD as a function of risk aversion or appetite and get back to basics, focusing on the cyclical backdrop to the U.S. economy. The keystone of our currency scenario is an imminent return to job creation in the United States, which will force
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