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Nordea: Inflation Expectations Tend To Weaken The US Dollar
According to Nordea currency analysts, the dollar has been undermined by reflation trades and higher commodity prices on the back of a global economic recovery. The empirical evidence also suggests that expectations of higher inflation weaken the US dollar If, however, there is a sustained increase in actual inflation, the evidence suggests that dollar will tend to strengthen with commodity currencies vulnerable. Nordea is concerned that inflation pressures are real and it is sceptical that the Euro to Dollar (EUR/USD) exchange rate will sustain any further gains. Nordea continues to examine global inflation trends ... (full story)
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