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……