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Thursday, August 3, 2017

USD: Follow the momentum for now - BAML

August 03, 2017 0 comments
No rush to buy the US dollar - BAML Bank of America Merrill Lynch FX Strategy Research notes that despite the weakness of the USD this year, the currency remains overvalued by about 10 percent compared with its long-term equilibrium and about 12 percent above its 20-year average in real effective terms.
USD: Follow the momentum for now - BAML
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