We recommend selling USD for the short term

Review: The positive sentiment continues …. EURUSD: 132.00 has been breached. A signal that the positive sentiment will still prevail. Sweden: As expected the Riksbank lowered its interest rate by 25 bp. As expected (by us), SEK strengthened on the announcement. Despite the lower growth estimates for 2013 (from 1.8% to 1.2%), there are no prospects of lower interest rates. Europe: Berlusconi is rattling the sabre – he states that he wants the ECB to buy government bonds otherwise Italy may

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We recommend selling USD for the short term

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