The pound strengthened the most in more than a week against the euro after U.K. reports showed construction output slowed less in April than economists forecast and mortgage approvals unexpectedly rose in March.
Investors should bet the dollar will fall against its Canadian counterpart on expectations the Federal Reserve will introduce more stimulus, according to BNP Paribas SA.
"With long-U.S. dollar a high consensus and heavily positioned view coming into the New Year, and with market participants seemingly inclined to pare back exposures this week, risks for the U.S. dollar are probably skewed to the downside heading into the release."
- Steven Saywell on Jan 07, 2015
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