By Ye Xie and Morwenna Coniam(Bloomberg) -- The dollar may start to rise against the euro in the next few weeks as the recovery of the U.S. economy drives up yields on fixed-income assets, according to Bank of Tokyo-Mitsubishi UFJ Ltd. The U.S. currency may “temporarily” weaken to $1.50 per euro before rebounding to $1.40 at year-end and $1.30 in 12 months, according to Derek Halpenny, European head of currency strategy in London at Japan’s largest bank by market value.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afq3iRso_Y3k
By Daniel Tilles
Sept. 11 (Bloomberg) -- The dollar’s decline this year has further to run and may continue through 2010, according to Morgan Stanley. “We remain dollar bears,” Sophia Drossos, co-head of global foreign-exchange strategy, and Yilin Nie wrote yesterday in a report from New York. “We anticipate that dollar weakness has further to extend this year, and expect an additional 6 percent decline in the dollar against its main trading partners through the end of 2010. Looking ahead into 2011, we anticipate the Fed rate-hiking cycle will become advanced enough to offer support to the dollar.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aHTW9CrLy2xE
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