Barclays Capital picks dollar decline
CURRENCY FORECASTS
The bank correctly anticipated that central bankers would come to realise that the US current account deficit would continue to cause problems for the dollar. This meant that the focus on interest rate differentials, which were supporting the dollar, would have less relevance.
Adarsh Sinha, FX strategist at Barclays Capital in London, said this was evident in the concentration of publicly stated concerns by major central bankers. He added that they believed a potential disorderly adjustment of
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