Weakness in the dollar will help push the euro as high as $1.40, according to Alan Ruskin , an analyst at Deutsche Bank AG.
Deutsche Bank AG, the world’s biggest currency trader, hired Alan Ruskin from Royal Bank of Scotland Group Plc as global head of Group-of-10 foreign-exchange strategy in New York.
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank, said Alan Ruskin resigned as global head of foreign-exchange strategy on July 1.
The dollar extended its streak of declines to the longest since April before reports this week forecast to show orders for durable goods declined and a smaller gain in new home sales in the world’s largest economy.
The euro may strengthen further against the dollar as the region’s economy exceeds forecasts, said Alan Ruskin, global head of Group of 10 foreign-exchange strategy at Deutsche Bank AG in New York.
The yen advanced for a third day against the dollar as signs that growth is slowing in China’s economy, the second-biggest in the world, boosted demand for haven assets.
"The yen's lost its status as the leading edge of the dollar appreciation-- the euro's taken over."
- Alan Ruskin on Jan 06, 2015
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