The dollar fell for a second day against a basket of currencies as government reports showed the U.S. economy remains sluggish, backing speculation the Federal Reserve will hold interest rates at historically low levels.
Sebastien Galy has left BNP Paribas, the world’s biggest bank by assets, where he was a New York- based senior currency strategist, the company confirmed.
The Bank of Canada will signal the need for lower interest rates at next week’s policy meeting as officials seek to boost economic growth by devaluing the currency, according to Societe Generale SA.
"We are still in the relief rally."
- Sebastien Galy on Aug 11, 2014
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