Return To Volatility Predicted In 1997 As EMU Approaches, Analysts Forecast
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Currency analysts point to European Monetary Union (EMU), a ream of volatility and economic concerns, as the issues that will influence the direction of the US dollar in 1997. Amid these factors, the general consensus calls for the greenback to peak early in the year and then follow a downward trend as the year progresses.
"Nineteen ninety-seven is the benchmark year that the European Union will make decisions on who is in, and who is out," says David Gilmore, analyst and co-founder of Foreign
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