Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (38429)	10/4/2005 7:14:44 PM
From: Chispas	Respond to of 116555

NEW DELHI - American Express Bank (AEB) has predicted the fall of US dollar against all currencies during 2006. It will be more steep against Asian currencies. Kevin Grice, senior economist, AEB, told reporters here on Tuesday that rupee would strengthen to Rs 41-42 per dollar in the next 12 months. The Indian currency was also likely to strengthen to Rs 55 per euro and Rs 76 per sterling in the next year. Mr Grice said Chinese renminbi was expected to be revalued further by 2% in the next few months. Thereafter, he said, the Chinese currency would rise by 4% each year against dollar during the next two years. He said yen was undervalued and was likely to strengthen against dollar. Recovery of Japanese economy, he said, would add to the strengthening of the yen. The GDP growth rate was also likely to go up to 2-3% during 2005-06, he added, marking a turnaround for Japan. Yen, the AEB economist predicted, would strengthen to yen 104 per dollar in the next three months and yen 98 per dollar in the next one year. As far as euro is concerned, American Express’ forecast said it would strengthen to $1.27 per euro in the next three months and to $1.32 per euro during the next three years. Referring to the spiralling oil prices, Mr Grice said it was likely to soften to $50-60 per barrel during 2006. The oil prices, he said, would start weakening after Christmas. However, he added, winter demand would have a bearing on prices of petroleum products. This time, hopefully, the winter may not be as severe and prolonged as it was during the last season. .................... financialexpress.com