Dollar weakness: Passing fad or long-term reality?
One of the clearest trends across the main currency pairs during the first quarter of 2011 was the steady downward pressure on the US dollar. From 1.298 on January 7, EUR/USD rose to 1.415 on April 1. Over the same period, GBP/USD rose from 1.546 to 1.605, while USD/CHF dropped from 0.963 to 0.922.
Currency strategists generally agree the weak dollar is a theme that will drive foreign exchange markets for some time, especially as long as the US Federal Reserve keeps the prospect of interest
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