Support for the greenback is fading
CURRENCY FORECASTS
Williams, whose forecasting has placed Lloyds at the top of the one-month rankings, pointed to the diminishing role of interest rates as a factor supporting the greenback.
He said it was the increase in US interest rates relative to other economies rather than their absolute level that had provided support for the greenback. Williams said this is because it is the change in rates that has boosted the dollar, not the absolute levels. "This means that even though US short-term interest rates are
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