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Rupee in focus as risks mount
September 6. New York –- Quoted financial analysts are strongly focused on the rupee as interest in the euro/dollar trade wanes, according to new research from Media Tenor International.
“Currencies are not necessarily heavily covered on a consistent basis in opinion-leading business and financial publications,” says Racheline Maltese, a researcher at Media Tenor. “But when a crisis or major shift is at hand, the focus increases quickly and significantly.”
While quoted financial analysts have become more optimistic through August on many currencies, sentiment on the rupee has dropped dramatically, with predictions for the future also sharply negative. “In general, there’s concern about Asia-Pacific overall right now,” says Maltese, who notes that sentiment on the Australian dollar and the yen has also worsened, as fears of economic slowdowns throughout the region take hold.
Despite a clear lack of interest in the euro/dollar trade at present, Media Tenor has found that analyst sentiment on these two currencies is fairly positive for the future, although there is more skepticism about the euro. “Analysts are currently positioning many major Western currencies as both safe and boring,” says Maltese. “Even if declines are expected, they are not creating the sort of concern the rupee is.”
For additional information, or to schedule an interview with Media Tenor, please contact RachelineMaltese 646-263-3731, This email address is being protected from spambots. You need JavaScript enabled to view it..