Nomura have done a flip on some their currency calls due to coronavirus

Author: Eamonn Sheridan | Category: News

Nomura in Japan had recommended short USD against the Thai baht and the Chinese yuan in December.

  • But now recommends long-dollar against the these. And also selling the Singapore dollar against a basket of its trading partners.

"The shift comes as investor optimism over improving U.S.-China trade relations and a nascent recovery in global growth has been replaced by fears about the economic impact of the viral outbreak"

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