Scotia: mark moving back to basics
Scotia Capital scooped this week's 12-month currency forecast rankings by taking a view that the dollar rally would lose steam as global risk appetite improved.
Camilla Sutton, Toronto-based director of foreign exchange strategy at Scotia Capital, said the dollar strengthening cycle that began in the second half of last year was viewed as temporary, linked to a global investor flight to liquidity. Scotia had also expected other major global currencies to weaken as the financial crisis spread to
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