UBS: EUR/USD could fall below parity in a year
"Key to the currency outlook is that the Fed will raise rates first and faster than other major central banks. If the Fed is first to hike within the majors, debt in the US will become more attractive to foreign investors, who will buy US dollars to buy treasuries," he said.
Kendrick predicts the Fed will tighten fund rates in early 2011 from the current 0–0.25% band to 1.5% by the end of 2011. He also expects the European Central Bank to follow suit in the second quarter, 2011 with an increase
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