Bbabo NET

Economics & Business News

Dollar Rises as Hedge Funds Position for Further Gains in

In the coming 2016 the dollar will rise significantly, reports.

The agency notes that the dollar has been strengthening against other major currencies for three years, but the current one can be "historic".

According to the forecast, the depreciation of the euro against the US dollar, in particular, will be nearly 3%. The yen is to weaken by 3.5%, the Swedish krona, the Danish krone and the Australian dollar will fall by nearly 5%. The decline of the Swiss franc against the US national currency will reach nearly 6%, while the fall of New Zealand dollar will exceed 7.5%.

The US currency will rise significantly to all major competitors, except for the Canadian dollar, British pound sterling and the Norwegian krone.

Under Reagan the dollar strengthened for six consecutive years, and under Clinton for five years. The current period of growth began in 2013, after the US Federal Reserve began to curtail the emergency economic stimulus measures. Therefore, experts are confident in the upcoming growth of the US currency is very high.

Dollar Rises as Hedge Funds Position for Further Gains in