AsianInvesterAsianInvesterAsianInvester

BoA Merrill raises spectre of long-term US dollar depreciation

Leigh Powell
The bank expects Asian currencies to see moderate appreciation against the dollar in 2011, but concerns over the sustainability of the US fiscal position could mean dollar depreciation down the line.
BoA Merrill raises spectre of long-term US dollar depreciation

Asian currencies are close to fair value and likely to see only moderate appreciation against the US dollar next year, believes Bank of America-Merrill Lynch, although there is an increased risk of dollar depreciation further down the line.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.