Merrill is making a bullish call on the dollar, arguing global economic weakness will lead many...

|By:, SA News Editor

Merrill is making a bullish call on the dollar, arguing global economic weakness will lead many foreign central banks to ease monetary policy, and thereby devalue their currencies. The firm sees EUR/USD falling to $1.30 and USD/CAD rising to $1.07. However, it expects the yen to perform well, with USD/JPY declining to ¥75.