U.S. dollar less than expected
The last two trading days, the U.S. dollar since December last year, less than expected payrolls data are embarking on a “downhill”, a strong rebound in December last year, appears to be over.
Aladdin Capital Holdings group managing director and chief economist Kathleen Stephansen collaborating centers around the world yesterday (GIC) Organization, Fudan University hosted an international financial summit predicted the end of this year, the euro against the dollar (1.2323,0.0056,0.46 %) may be about to close at 1.50 level.
Kathleen Stephansen pointed out that the euro will face in years, both positive and negative factors, which can cause fluctuations in the euro against the dollar, but for a longer period, such as China’s economic growth momentum is transferred from export to domestic consumption, which U.S. dollar will reduce future demand, contribute to the diversification of currency reserves. From such a structural change can be concluded that the short term, may have also seen some favorable information to the dollar, but in the long run, her personal view that the dollar is negative.
While economists optimistic about the euro’s exchange rate, at which have the audience that the U.S. dollar’s reserve currency status has not been replaced. Hale Dave Hale, founder of consulting firm, said the dollar’s reserve status can not be replaced, because the euro saddled with Greece, Spain and other countries of the deficit problem, and the RMB 5 ~ 10 years can not fully convertible, the yen has Japan also faces the problem of debt is too high.
