According to Bloomberg’s survey of 46 firms, the dollar will continue to fall next year as the slow economic recovery coupled with ballooning government debt burden is likely to take a toll on the dollar. The dollar has hit a 14 month low this year.
“History tells us the dollar shouldn’t start rising on a sustained basis until 12 months after the Fed starts to lift rates,” Callum Henderson, the bank’s head of foreign exchange strategy told Bloomberg.
Who will get it right? The king of commodities Jim Rogers who is predicting that gold will touch $2000 by 2010 or economist Nouriel Roubini who has called Rogers’ forecast as “utter nonsense?”
Mark Pittman one of the only award-winning financial journalists who brought Federal Reserve under the scanner died on November 25th in
Read more about his achievement