BLBG: Pound, Australian, Canadian Dollars to Gain on Risk, Mizuho Says
By Justin Carrigan
July 20 (Bloomberg) -- The pound and the Australian and Canadian dollars are likely to gain this week as earnings and economic data beat economists’ expectations, according to Mizuho Corporate Bank Ltd.
“The pound correlates well with global banking-industry expectations, the Canadian dollar is a convenient method to express commodity opinion, and the Aussie is deemed as a higher- yielding play amongst major currencies,” Neil Jones, head of European hedge-fund sales at Mizuho in London, wrote in an e- mail today. “The yen should remain on the back burner.’’
To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net
