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Forex Flash: Will there be currency safe havens in the medium term? - Commerzbank

By FXstreet.com,  August 10, 2012, 03:11:00 PM EDT

FXstreet.com (San Francisco) - Commerzbank answers: "Our analysis concludes that it will be impossible to deny the attractiveness of the US dollar. The yen, on the other hand, could cease to be regarded as a safe haven in the long run."

Commerzbank's outlook on EUR/USD: "The forces which are driving EUR-USD, i.e. QE3 on the one hand and debt crisis on the other hand, are likely to continue to be well balanced. Unless we see a fundamental re-valuation, EUR-USD will thus remain in a state of flux. In our view the risks are concentrated on the downside though."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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