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Pimco Prefers Emerging, Commodity Currencies to Dollar and Euro

Monday, 28 Feb 2011 01:07 PM

Feb. 28 (Bloomberg) -- Pacific Investment Management Co. prefers the currencies of emerging economies and commodity exporters over both the dollar and the euro, said Andrew Balls, a London-based managing director.

“Our investment view is one of wanting to be underweight both the euro and the dollar and to be overweight sources of what we would see as an expression of stronger growth in the world, so emerging-market countries and commodity producers,” Balls told reporters in London today.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

© Copyright 2017 Bloomberg News. All rights reserved.

   
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Feb. 28 (Bloomberg) -- Pacific Investment Management Co. prefers the currencies of emerging economies and commodity exporters over both the dollar and the euro, said Andrew Balls, a London-based managing director. “Our investment view is one of wanting to be underweight...
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Monday, 28 Feb 2011 01:07 PM
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