The euro will decline to its lowest level in almost three years as a bailout for Cyprus raises the threat of further euro-zone contagion, according to Morgan Stanley’s Ian Stannard.
Not since early 2011 have investors set up as many trades seeking to profit from the pound’s advance as they have this month, and with the currency already having gained 14 percent from last year’s low, that’s making strategists nervous.
"The Australian dollar still looks attractive from a yield perspective."
- Ian Stannard on Aug 19, 2014
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