credit-suisses-currency-outlook

Credit Suisse's currency outlook

Is it time to go long yen, and short dollar?
I am near-term bearish on the US dollar, but still expect a recovery longer term. Two primary drivers - the US dollarÆs favourable valuation versus European currencies, and its historically strong interest-rate advantage û should continue to be regarded as positive factors for the greenback on a 12- month horizon, in my opinion. I have therefore significantly revised my 12 month forecasts for the major currencies and presume that the US dollar may be weak short-term, and on a 12-month view, will succeed in holding the ground it gained in 2005, but not go higher....
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222