Growth is beginning to slow among the countries that maintain current-account deficits. In their place, sentiment is picking up strongly in countries that enjoy solid external surpluses.
More Quotes from James McCormick:
With strong growth set to continue, the backdrop for emerging markets and commodity markets remains positive.James McCormick
We will steer clear of being long the Canadian dollar for now.
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The yen looks too cheap in a world where the BOJ may be removing its zero-rate policy in the months ahead. Yen fundamentals are increasingly too strong, and the currency too weak, to justify further declines.
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We think the underlying momentum in the Fed policy story warrants more explicit long dollar exposure.
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The dollar looks likely to continue ignoring the deterioration of its external backdrop for some time.
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Based on Topics: Countries Quotes, Place QuotesBased on Keywords: current-account
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