Market Review and Trends
Expect More USD Weakness
By eemin.the.ifa  •  August 8, 2009
[caption id="attachment_2394" align="alignright" width="150" caption="Photo by erix!"]Photo by erix![/caption] USD strength or USD weakness? Where is the USD heading? My recent attendance at a SCCCI morning breakfast seminar on foreign exchange reflected a view that the USD is likely to head further southwards over the next 12 months. The seminar was delivered by speakers from Credit Suisse (private bank); Mr Joseph Tan, Asian Chief Economist and Mr Emmanuel Lim, Head of Advisory & Sales on FX and Commodities. Their 6 reasons for supporting the (Credit Suisse) in-house bearish view on the US Dollar: 1. USD is Overvalued, according to Credit Suisse in-house valuation model; 2. External force: Current Account deficit (though narrowing, but still a sizeable significant deficit); Read more...
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By eemin.the.ifa
Ee Min is a licensed Independent Financial Adviser representative of Financial Alliance Pte Ltd. He hold the professional qualification of AFP and am a member of FPAS. Contributing to this blog stems from his passion to help others get actively involved in their own financial planning. Read his story here.
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