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Dollar drop signals world's best forecaster to start buying
It’s time for investors who bailed on the dollar in the past few weeks to get back in, says the most-accurate currencies forecaster. The greenback has tumbled 4.4 percent versus the euro since touching a 12-year high last month amid speculation the Federal Reserve will delay raising interest rates, in part because the dollar’s strength is hurting U.S. economic growth. That concern is overblown, according to ING Groep NV, which topped Bloomberg’s rankings of foreign-exchange analysts for the second quarter in a row. “The market is now pricing in a very subdued pace of the tightening cycle -- we disagree,” ... (full story)
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