ABN Amro revises forecasts

A potential hike in interest rates in Europe and Canada – which usually feeds through to stronger respective currencies – the current account deficit in the US, uncertainty over the dollar as a result of high oil prices and the presidential election, are all likely to keep the dollar low against the euro and Canadian dollar in the coming weeks, said Tony Norfield global head of FX strategy at ABN Amro in London. "We want to be cautious and ready now, and not jump on the bandwagon in a couple of