The dollar’s share in global foreign- exchange reserves probably rose in the first quarter amid a slumping euro and better prospects for U.S. growth, Brown Brothers Harriman & Co. said.
The euro may fall below $1.20 for the first time in almost two years as concern that Spain is struggling with its finances adds to bets Europe’s debt crisis will worsen, Brown Brothers Harriman & Co.’s Marc Chandler said.
"The U.S. dollar remains king."
- Marc Chandler on Dec 07, 2014
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