Another gloomy prediction for the fate of the greenback has been voiced by an analyst at Standard Chartered Bank, who warned that the dollar is heading for “a multi-year depreciation,” given its weak sovereign fundamentals.
“We’re going to see a pretty good dollar depreciation trend for the next couple of years,” Eric Robertsen, global head of research at Standard Chartered Bank, told CNBC on Wednesday. He said he isn’t sure how sharp the decline is going to be.
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