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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…