Lloyds TSB: USD will win G-3 currency race
"The US dollar will appreciate against its main developed country peers in the next six to 18 months, underpinned by US growth out-performance," he said. Lloyds TSB predicted a three-month EUR/USD spot rate of 1.35 on January 22, when it was 1.41, close to the actual spot rate of 1.34 last Monday (April 19).
Williams said the Federal Reserve will be the first to raise official interest rates, potentially in the third quarter, due to an improving US economic outlook. "We look for the Federal
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