Dollar will continue to fall: Bloomberg survey

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.

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