Dollar Rally Is Over for $60 Billion Unit of Norway's Top Bank
- DNB says drop in commodities also getting `long in the tooth'
- DNB says room for profit margins to increase in Europe
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For the unit at Norway’s biggest bank deciding how to invest client funds, 2016 will be a pivotal year as it predicts the rally in the U.S. dollar will finally come to an end.
DNB Asset Management, which oversees about $60 billion, is adjusting its portfolio to profit from its forecast for a less buoyant dollar and a recovery in emerging markets and commodities.