Dollar Drops Versus Peers Before Confidence Data, Fed – Bloomberg 01-28-13

Salient to Investors:

Sean Callow at Westpac Banking expects clear reiteration from the Fed that quantitative easing will continue for some time. Callow said the strong dollar story is tough to make right now, and the growth differential will be supportive for the euro against the dollar in the next few months.

Vassili Serebriakov at BNP Paribas said that hopes for an early end to QE3 are unfounded, so expect broader dollar-selling pressure.

Read the full article at http://www.bloomberg.com/news/2013-01-28/dollar-declines-2nd-day-versus-yen-before-confidence-fed.html

 

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