Dollar depreciation may continue into next year

Teasdale, James
December 2006
Fund Strategy;12/4/2006, p10
Trade Publication
The article reports on the issue regarding the continuation of dollar depreciation and the exchange rate movements between dollar and sterling in Great Britain. The dollar has fallen sharply against sterling since mid-November 2006 following an extended period of low volatility in global currency markets. The British interest rate expectations are relatively flat, while the comments from the European Central Bank hint to further rate hikes in 2007.


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