Dollar Set for Weekly Gain on Signs Global Growth Slowing – Bloomberg 06-22-12

Predictions:

Geoff Kendrick at Nomura International says the generalized dollar buying is down to risk aversion, expects the euro to keep heading lower.

Daisaku Ueno at Mitsubishi UFJ Morgan Stanley Securities said any slowing in global growth would lead to buying of the dollar because the euro is less attractive than the dollar due to their different economic situations and monetary policy.

Bloomberg data shows the dollar’s rise versus the yen may stall as the dollar faces resistance at the 100-day moving average of 80.41 yen.

Read the full article at http://www.bloomberg.com/news/2012-06-21/dollar-heads-for-weekly-gain-versus-peers-on-stock-losses.html