Thomson Reuters: further dollar weakness ahead
"Coming into the new year, it was our view that the dollar correction at the end of 2010 was overdone, as highlighted by the spike in the US dollar index (DXY) to a high of 81.44 on November 30. As a result, the dollar was always likely to slide in January, and we expected that to accelerate in late January as markets hunted for risk," said Matthew Foster-Smith, senior currency analyst at Thomson Reuters in London.
On January 7, Thomson Reuters predicted EUR/USD would reach 1.35 in a month's
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