dollar

Whether the US dollar index looks set to post its fifth successive weekly decline in a row will depend on how the markets react to today's US CPI, retail sales figures, and Michigan consumer confidence numbers.

The pound has fallen to a five month low against the euro amid a rising claimant count and falling consumer confidence.

Michael Hasenstab, Franklin Templeton's co-director of international bonds, is shorting the yen on expectations it will weaken against the US dollar as the Japanese authorities prepare to print money.

The yen has hit a 15-year high against the US dollar against a backdrop of inaction by the Japanese Government.

BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade.

Sterling hit a six-month high against the dollar today as poor US economic data continues to weigh on the currency.

The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 against the dollar after the Fed confessed the US economy may not recover for five or six years.

Investec Asset Management, which runs $5.3bn in active currency funds, has warned the dollar could face a sharp correction this year due to reluctance in the US to embrace fiscal tightening.

Premier's Mike Jennings has removed the requirement for his Global DSR fund to have at least 50% sterling exposure due to its negative impact on performance.

Last week China's central bank announced it would introduce flexibility in the exchange rate of the renminbi, removing its peg to the dollar and allowing the currency to appreciate.