Jul 5, 2011
| Last Updated
- As the U.S. economy flirts with stall speed, worries abound over Chinese growth and the eurozone crisis reaches a new boiling point, the deterioration in market sentiment threatens to prove longer lasting, especially amid the ending of QE2 in the U.S.
- We maintain our defensive posture and remain short risk currencies, GBP and EUR. We add a short NZDUSD recommendation this month.
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