Dollar’s Gain Has Left Currency ‘Overcooked,’ Deutsche Bank Says

By Matthew Brown

Jan. 9 (Bloomberg) -- Investors should buy the euro against the dollar because the U.S. currency is “overcooked,” said Deutsche Bank AG, the world’s biggest foreign-exchange trader.

“The combination of extremely lax monetary policy, various deficit issues and the one capital inflow -- Treasuries -- running out of steam just as Europeans start to repatriate all point to a renewed dollar tumble,” analysts including Henrik Gullberg in London wrote in a research report dated yesterday.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net