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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1864)	11/5/2003 2:52:43 PM
From: ild	Respond to of 110194

Morgan Stanley's Roach Says U.S. Dollar to Drop 20% Nov. 5 (Bloomberg) -- The U.S. dollar will probably drop a further 20 percent on a trade-weighted basis in the next two years because the world's largest economy may falter, said Stephen Roach, chief economist at Morgan Stanley. ``My guess is that it's got another 20 percent to go,'' Roach told reporters after a presentation at the Morgan Stanley Asia Pacific Summit in Singapore. ``The risk is that it could be in a shorter time period, which could be very disruptive.'' The dollar's index, which measures the currency against a basket of currencies of the country's six major trading partners, traded at 93.29 at 3:57 p.m. local time in Singapore. The currency has declined about 15 percent on a trade-weighted basis the past 18 months. The dollar may fall because U.S. economic growth, which expanded at a 7.2 percent pace in the three months ended Sept. 30, will probably slow in coming months, deterring investment in assets denominated in the U.S. currency, he said.