Gulag Blog

USD: No Bottom in Sight

Stacy Summary: We spoke to these guys for Death of the Dollar 2.  As we only had screen time for about 5 minutes of their 45 minutes of tape, I should post the entire conversation.

• Dollar slump persisting as top analysts see no bottom

Standard Chartered Plc, Aletti Gestielle SGR, HSBC Holdings Plc and Scotia Capital Inc. say the dollar will depreciate as much as 6.4 percent versus the euro. About $12 trillion of fiscal and monetary stimulus, the world’s lowest borrowing costs and a record $4 trillion of government bond sales between 2009 and 2010 will weigh on the currency, they said. So will the nation’s 10.2 percent unemployment rate and signs that the economic recovery may falter, they said.

Tags: standard chartered, us dollar, usd

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