Citi: US dollar's loss is euro's gain
Jeremy Hale, London-based head of macro strategy at Citi, follows the S&P 500 index, two-year interest rate differentials, Goldman Sachs Commodity Index and the Citi Macro Index to keep track of the trend. He believes these can explain 90% of the EUR/USD moves since January 2008.
He said the indicators were employed to help the bank predict the dollar slide last month, losing 4% against the euro and yen to $1.46 and ¥91, respectively, by September 15.
Hale expects the dollar to continue to be
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