Calyon sees dollar weakness continuing
CURRENCY FORECASTS
However, Calyon topped the three-month forecast by being less bearish on the greenback than others. The bank forecast USD/JPY of 115 against a consensus figure of 113.2, for example.
Kotecha said sentiment about the dollar was hit by a number of factors. "These included concerns about US economic growth, renewed worries about global imbalances, in particular the burgeoning US current account deficit and its financing," he said. "In addition, there was a growing expectation that US interest rates
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