US dollar: rally postponed
Article Abstract:
The US dollar is likely to rise in the long term but will end 1995 near 95 yen per dollar, rather than 105 yen, according to BZW's Chris Turner. The US current account deficit has resulted from an imbalance in savings and investment in the private sector, and a correction of this imbalance would help the dollar. Japanese fiscal policy is likely to tighten and this means that Japanese interest rates are likely to stay low, which will help the US dollar.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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A recurring problem
Article Abstract:
The US dollar is under pressure from a number of factors. These include a large current account deficit, diversification of US portfolios and of international reserves away from dollars. US long-term interest rates are similar to those of Germany and thus are unlikely to boost flows of capital into the US. The dollar may be stabilised by tight fiscal policy and a later than anticipated rise in German interest rates, according to NatWest Markets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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US dollar: faltering
Article Abstract:
The US dollar has relapsed following the release of trade figures for Jul 1995. Kleinwort Benson argues that investors should be sceptical about the ability of the dollar to rise. The expanding US trade deficit, and thelikelihood that interest rates will be lowered will tend to depress the dollar. US investors are sending funds abroad, and deficit reduction agreements in fall 1995 are also likely to depress the dollar's value.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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