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…