Don't Get All Excited, Euro Bulls

Currency strategists at the Bank of Tokyo-Mitsubishi UFJ say?the dollar is still a buy against the euro.

They expect the dollar to extend its?gains through November, saying the greenback “should increasingly benefit …?from the ongoing decline in investor confidence in its most liquid alternative,?the euro, while gaining support from increasing safe-haven demand as evidence?continues to build that the global economy is slowing more abruptly.”

 

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