Summer Time is Not Decision Time
The debate whether the dollar will soon fall because of a better world economy, or not, is still going on. Better global stock markets are still nourishing the expectation that the U.S. economy is recovering, and it will be the first to go into inflation, because of the mammoth monetary and fiscal expansion. But as the summer holiday is knocking on the door, both the Forex and the global stock markets will experience wild swings as they have in the past. We therefore stick to our careful stance
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