21.06.2011 - Dollar to gain as Asian interest rates are increased, Morgan Stanley says
The dollar will rebound through 2011 as Asian central banks raise interest rates to curb inflation, damping economic growth and demand for the region’s assets, according to Morgan Stanley. “We’re looking for the dollar to regain some stability over the second half of the year,” said Ian Stannard, head of European foreign-exchange strategy at Morgan Stanley in London, in a telephone interview. “We’ll see the global investment environment turn less favorable as liquidity conditions start to change at a macro level.............................................Full Article: Source
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