Strong US currency will drive investors overseas

Professional Adviser
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The US dollar has weakened on the back of disappointing reports that the US economy is not reboundi...

The US dollar has weakened on the back of disappointing reports that the US economy is not rebounding as fast as previously expected. According to Bloomberg reports, the dollar fell 3.3% against the euro over the month of April, while consumer confidence and employment reports show the US is not recovering at a rapid rate. As of 26 April, the dollar was trading at 90.18 cents against the euro and, having dropped 3.6% against the yen over the month, was buying ¥128.01. Keith Skeoch, chief investment officer at Standard Life Investments, says: 'In the past few weeks and months, an inte...

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