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Dollar set for sharp decline, Goldman forecasts

Posted By admin On October 7, 2010 @ 10:00 am In Money Watch | Comments Disabled

Richard Blackden
London Telegraph [1]
Oct 7, 2010

The dollar will embark on a sharp decline over the next 12 months, Goldman Sachs forecast on Wednesday, as policy makers in Washington look poised to press the trigger on another round of printing money.

The investment bank expects the dollar to drop to $1.79 against the pound in six months and $1.85 in 12 months. Sterling closed at $1.5891 in London yesterday. The euro won’t be spared either, with the dollar’s slump forcing it to $1.50 six months from now and $1.55 in a year’s time.

Powered by President Obama’s stimulus package and a rebound in inventories, the US recovery peaked in the final three months of last year and has been slowing ever since.

Full article here [1]

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Dollar set for sharp decline, Goldman forecasts 140410banner4 [3]


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URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/finance/currency/8047468/Dollar-set-for-sharp-decline-Goldman-forecasts.html

[2] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[3] Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html

[4] Dollar Rises on Speculation Oil Decline to Bolster U.S. Economy: http://www.prisonplanet.com/dollar-rises-on-speculation-oil-decline-to-bolster-us-economy.html

[5] Major central banks seen tolerating gradual dollar decline, but no ‘brutal’ moves: http://www.prisonplanet.com/major-central-banks-seen-tolerating-gradual-dollar-decline-but-no-brutal-moves.html

[6] Sharp decline in public’s belief in climate threat, British poll reveals: http://www.prisonplanet.com/sharp-decline-in-publics-belief-in-climate-threat-british-poll-reveals.html

[7] Goldman Forecasts Gold Rally Amid Debt-Ceiling Confrontation: http://www.prisonplanet.com/goldman-forecasts-gold-rally-amid-debt-ceiling-confrontation.html

[8] Dollar Falls Most Since 2011 as Central Banks Bump Up Stimulus: http://www.prisonplanet.com/dollar-falls-most-since-2011-as-central-banks-bump-up-stimulus.html

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