The dollar may strengthen against most major currencies as a U.S. “explosion of savings” reduces the world economy supply.
“We are very bullish on the U.S. dollar on most major cross rates in the short term, and even more so in the longer term,” as it was mentioned in the report of Carl B. Weinberg, chief economist in Valhalla, New York,. “A global dollar shortage will appear as the U.S. current-account deficit declines.”
The U.S. currency declined 0.5 % to $1.3867 per euro as of 7:22 a.m. London.
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