The dollar has been steadily rising since the start of the year, and, by all accounts, is poised to strengthen significantly through the first half: 'The world’s most accurate foreign- exchange forecasters say the dollar will be the best currency to own this year as the Federal Reserve’s bond purchases bolster the U.S. economy instead of debasing America’s legal tender.Wells Fargo & Co., Bank of Tokyo-Mitsubishi UFJ Ltd. and SJS Markets Ltd., the top analysts in the six quarters ended Dec. 31, according to data compiled by Bloomberg News, say the dollar will strengthen against the euro, yen and pound. Nick Bennenbroek, the head strategist at Wells Fargo in New York and the most accurate of the group, predicts about a 5 percent gain against the euro over the year and 11 percent versus the yen.The survey underscores the sudden turnaround in the U.S. economy two months after the greenback fell to its weakest level in almost a year in November. Traders have turned their focus away from the Fed’s plan to print cash to buy $600 billion of Treasuries and toward Europe’s debt crisis, deflation in Japan and U.K. austerity programs.' http://www.bloomberg.com/news/2011-01-10/bennenbroek-leads-m...-----------------------GG Home Fool
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