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15 Feb 2013
Forex Flash: USD seen mixed against rivals - Wells Fargo
The Wells Fargo analyst team is mixed on the dollar, expecting gains against the major currencies but weakness against commodity and emerging currencies. "Despite the Q4 slowdown, U.S. growth should remain stronger than the other major regions", they comment.
"The U.S. currency should thus gain against the major currencies, especially with technicals and positioning broadly neutral", they explain. "Commodity and emerging currencies should outperform however, as stronger growth and favorable markets support continued capital flows to those markets".
"The U.S. currency should thus gain against the major currencies, especially with technicals and positioning broadly neutral", they explain. "Commodity and emerging currencies should outperform however, as stronger growth and favorable markets support continued capital flows to those markets".