Dollar remains unstable

Professional Adviser
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The fate of the dollar over the next few months will depend on the outcome of the war in the Middle ...

The fate of the dollar over the next few months will depend on the outcome of the war in the Middle East. However, in the short term, the euro should strengthen, while the yen weakens with sterling sitting somewhere in between. Jerry Toner, director of fixed interest at Foreign & Colonial, says: 'In the short term we think the dollar will remain reasonably firm. We expect the economy to pick up strongly following the fiscal policy measures the Fed has put in place.' However, Toner warns the dollar may be at risk depending on how military events unfold in Afghanistan. He says the dollar ...

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