There's no need to rush all your US shopping
I thought I read that MS predicted the greenback to appreciate against SGD to the level of S$1.80 by early next year.
But, according to BCA Research, the dollar rally is likely to be due to technical factors (liquidation, hedging etc) rather than the fundamentals of the US economy.
Quantitative easing in the US and incentives for America to devalue its currency and/or inflate to reduce its real debt burden mean that the greenback is bound to depreciate.
The greenback is likely to underperform Asian and Latin American currencies, as the odds of quantitative easing by EM central banks are not significant at this point.
But, according to BCA Research, the dollar rally is likely to be due to technical factors (liquidation, hedging etc) rather than the fundamentals of the US economy.
Quantitative easing in the US and incentives for America to devalue its currency and/or inflate to reduce its real debt burden mean that the greenback is bound to depreciate.
The greenback is likely to underperform Asian and Latin American currencies, as the odds of quantitative easing by EM central banks are not significant at this point.