Credit Suisse's currency outlook

Is it time to go long yen, and short dollar?

I am near-term bearish on the US dollar, but still expect a recovery longer term. Two primary drivers - the US dollarÆs favourable valuation versus European currencies, and its historically strong interest-rate advantage û should continue to be regarded as positive factors for the greenback on a 12- month horizon, in my opinion. I have therefore significantly revised my 12 month forecasts for the major ...

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