Structural factors to weaken dollar – Scotiabank
Canadian bank says the outlook for the US currency is generally negative
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The dollar is set to weaken for the foreseeable future as markets begin to focus on some of the structural impediments facing the US economy, particularly the country’s fiscal and current account deficits, says Shaun Osborne, chief strategist at Scotiabank.
He says strong growth is masking the fact that the US fiscal deficit is likely to accumulate significantly going forward, which, combined with no real improvement in the current account deficit will put
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