16.04.2015 - Greenback remains best currency bet, says BNP
The US dollar remains the best bet in currency markets this year as the Federal Reserve splits from global peers and moves closer to raising interest rates, according to BNP Paribas. "It is still a dollar-bull story, in spite of the fact that the economic data in the US has softened," Robert McAdie, head of research and strategy at BNP Paribas, said in New York on Wednesday. "You have a global environment in which other central banks are trying to keep their currencies competitive, and they're going to cut."..............................................Full Article: Source
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