Analysts Predict “No Bottom” for USD in 2010

Several top analysts have predicted that the US dollar will continue to lose value throughout 2010, with some estimates suggesting the buck could lose another 6.4 percent to the euro.

History tells us the dollar shouldn’t start rising on a sustained basis until 12 months after the Fed starts to lift rates,” said Callum Henderson, the Singapore-based global head of foreign-exchange strategy for Standard Chartered. “It’ll take time to drain the oversupply of dollars from the market and the dollar will remain weak until the Fed’s rates rise above the competitors.

Bloomberg News

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