Confidence in dollar resilience growing
CURRENCY FORECASTS
Robert Sinche, BoA's global head of FX strategy, said most banks have been bearish on the dollar because of the slow US housing market and interest rate uncertainty. BoA's view was for the dollar to trade against the euro in a closer range while holding its value, a trend Sinche sees continuing. "We're expecting the euro/dollar to continue trading in the 1.20–1.30 range for another six months," he told FX Week.
Sinche said although banks are gaining dollar confidence, the market remains divided
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