06 Mar '11, 1am

US dollar likely to fall next week as investors continue to bet that interest rates in the euro zone will rise

NEW YORK - THE US dollar is likely to fall in the week ahead as investors continue to bet that interest rates in the euro zone will rise ahead of those in the world's largest economy. US February jobs data came in a touch better than expected on Friday but disappointed investors who had hoped for an even stronger report. Investors see strong US jobs growth as necessary for the Federal Reserve to end its second round of quantitative easing and instead tighten monetary policy by raising rates. The US situation is in sharp contrast with that of the euro zone, where the zone's common currency is likely to remain supported after European Central Bank President Jean-Claude Trichet strongly hinted at an interest rate rise in April, bolstering the view the ECB will tighten monetary policy before the Fed. 'We had Mr Trichet warning on Thursday that the ECB is considering a rate hik...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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