{"id":702331,"date":"2010-03-26T14:01:00","date_gmt":"2010-03-26T18:01:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:414373"},"modified":"2010-03-26T14:01:00","modified_gmt":"2010-03-26T18:01:00","slug":"us-dollar-best-of-a-bad-bunch","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/702331","title":{"rendered":"US dollar best of a bad bunch"},"content":{"rendered":"<p>When it comes to the three most influential currencies on the planet, the outlook does not look pretty, says Larry Hatheway, economist, UBS AG. <\/p>\n<p>In a note to clients Friday, the UBS economist said the greenback suffers from a large structural budget and current account deficits. The euro, meanwhile, is over-valued and confronted by soveriegn debt risk and the yen is the currency of an anaemic economy.  <\/p>\n<p>Thank goodness then for relative valuations.&nbsp; &nbsp;<\/p>\n<p>&quot;For now the dollar has the upper hand,&quot; Mr. Hatheway said &quot;Stronger growth this year in the US (3.0%) versus the Eurozone (1.5%) or Japan (2.0%), together with recurring sovereign risk jitters in Europe, point to further dollar appreciation in 2010.&quot; <\/p>\n<p>He revised his year-end 2010 forecasts to EUR\/USD 1.30 and left his USD\/JPY forecast at 95.0. He also forecasted EUR\/USD at 1.25 by the end of 2011 and retained a year-end 2011 forecast of USD\/JPY 90.0.<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=414373\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to the three most influential currencies on the planet, the outlook does not look pretty, says Larry Hatheway, economist, UBS AG. In a note to clients Friday, the UBS economist said the greenback suffers from a large structural budget and current account deficits. The euro, meanwhile, is over-valued and confronted by soveriegn [&hellip;]<\/p>\n","protected":false},"author":2571,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-702331","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2WHV","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/702331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/2571"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=702331"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/702331\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=702331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=702331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=702331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}