World’s No. 2 Currency Trader Says Dollar Rebound Just the Start

World’s No. 2 Currency Trader Says Dollar Rebound Just the Start

22 May 2016, 20:26
Francis Dogbe
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The dollar’s three-week rally is just the beginning, according to Deutsche Bank AG. A slump by the greenback earlier this year has “likely run its course,” analysts at the world’s second-largest currency trader wrote in a note Friday. The bank favors buying the U.S. currency versus emerging markets -- such as China, Mexico and South Korea -- following a shakeout in speculative bets on the dollar, George Saravelos, co-head of global foreign-exchange research in London, wrote. With policy makers from the Group-of-Seven economies meeting in Japan, the Federal Reserve this week gave the dollar a boost by signaling that it may raise interest ... READ MORE
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