Sentiment sours on dollar and sterling

National Australia Bank does not expect that the US dollar's gains against the euro and sterling of the past few months will be sustained over the second half of the year. We don't see the US inventory lift to economic growth lasting past the first half of this year, so only modest GDP growth of 2.5% is likely in 2010. As stubbornly high unemployment, low wage growth and household deleveraging press down on output growth, we expect to see increased pressure for another stimulus package as