Bank Research Consensus Weekly 10.31.11

The dollar has fallen just as fast as it rallied and is now almost back to August levels. This has caught the market on the wrong foot, as a general euro bearish sentiment meant that investors had been sitting on significant short euro positions. These are now being unwound ndash; explaining the speed of the correction.
br/
Kasper Kirkegaard, Senior Analyst, Danske Bank
br/