Dollar set to slide against emerging markets
The dollar will lose ground against emerging market currencies as Asia takes on the burden of a dollar adjustment, says Steve Pearson, chief currency strategist at HBOS in London, which tops the three-month ranking.
However, this will happen at a slower pace than was seen with the euro, while the currency will remain firm against the major developed market currencies, he added.
Pearson explained that short-term interest rate differentials continue to move in favour of the US dollar against the
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