| The dollar is set to fall 5 per cent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and US economic data is only going to get worse. That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing US domestic demand is set to fade in the coming months. It didn’t take long for markets to prove him prescient.
The greenback fell 1.3 per cent Friday, capping its worst week since April, after the Commerce Department said US second-quarter gross domestic product advanced at about half the rate economists had forecast...............................................Full Article: Source
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