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.
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.
"The number gives you the sense that housing market recovery is taking shape."
- Alan Ruskin on Aug 18, 2014
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