Morgan Stanley currency analyst Sophia Drossos says the dollar is very undervalued and will rise significantly.
“We forecast the USD to rally 10 percent against other developed market currencies in 2010, with most of these gains concentrated against other G4 currencies,” Drossos writes in a note to investors.
“For the dollar to remain weak, U.S. data would need to continue to disappoint versus other major economies,” she notes.
“However, we do not expect this will be the case.
“We forecast the USD to rally 10 percent against other developed market currencies in 2010, with most of these gains concentrated against other G4 currencies,” Drossos writes in a note to investors.
“For the dollar to remain weak, U.S. data would need to continue to disappoint versus other major economies,” she notes.
“However, we do not expect this will be the case.
No comments:
Post a Comment