gap eur/usd
Currency Survey
Two-thirds of the 30 traders, analysts and investors surveyed by Bloomberg News on Friday recommended buying or holding euros against the dollar. The U.S. currency will likely extend a 9 percent drop against the 12-nation euro this year as slowing capital inflows from overseas make it more difficult for the U.S. to finance its current account deficit, economists said.
``What investors get for their money in the U.S. is less than they get elsewhere,"" said Paul Samuelson, a Nobel laureate and professor emeritus of economics at the Massachusetts Institute of Technology.
Interest rates ``will remain low, and the U.S. has a current account deficit to finance while other countries are still digesting a surplus,"" said Samuelson. ``It doesn"t take much to figure out the dollar will continue to fall.""
Currency Survey
Two-thirds of the 30 traders, analysts and investors surveyed by Bloomberg News on Friday recommended buying or holding euros against the dollar. The U.S. currency will likely extend a 9 percent drop against the 12-nation euro this year as slowing capital inflows from overseas make it more difficult for the U.S. to finance its current account deficit, economists said.
``What investors get for their money in the U.S. is less than they get elsewhere,"" said Paul Samuelson, a Nobel laureate and professor emeritus of economics at the Massachusetts Institute of Technology.
Interest rates ``will remain low, and the U.S. has a current account deficit to finance while other countries are still digesting a surplus,"" said Samuelson. ``It doesn"t take much to figure out the dollar will continue to fall.""
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