Analysts Bullish For First Half Of 1995 But Say Second Half Could Turn Tides

BANKS

Looking ahead in 1995, industry analysts are more cautious than in previous years in voicing opinions after many were proved "incredibly wrong" by market and world events last year. But by some accounts, the dollar is due for a modest upward run in the first half of the year, but will again resume its decline during the second half, sources say.

Derivatives and emerging markets dominated projections a year ago, but these proved sore spots in 1994, (FX Week, January 10). "Probably the most dis

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