Dollar To Suffer From Market Negatives
MARKET VOICE
Steven Englander, global currency economist at Citigroup in London, predicts a correction of the strong dollar as slowing GDP, reduced capital inflows and an oil price reversal simultaneously hit the US.
The strong US dollar of 2000 will wilt in coming months as the United States grows at its slowest pace since 1995. The US dollar negatives, while temporary, could lead to the most significant dollar correction since 1998. Negative factors in coming months include:
• the slump in US GDP growth to
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