Dollar May Be Set for Nosedive

23/05/2009 § Leave a comment

 

The U.S. dollar could be on the brink of a major drop in value as investors and central bank reserve managers start to question their appetite for Treasurys and the greenback’s safe-haven status wears off, prominent currency watchers warn.

The euro and even embattled sterling have shot higher against the U.S. currency in recent days despite a lack of meaningfully positive economic news.

Now some heavyweight strategists think the euro could sweep up to 9% higher against the dollar in a matter of weeks……

Dollar May Be Set for Nosedive – WSJ.com

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