New York, NY (PressExposure) April 20, 2010 -- The US dollar's strength seems to be waning as investor focus switches from Europe's debt worries to the possibility of China's appreciation of its currency, analysts at "Mann International" have suggested.
The analysts apparently believe that the dollar will most likely fall against its Canadian counterpart and emerging market currencies in the short- to medium-term.
The greenback will pull back to below parity with the Loonie, with a target of 0.90 Canadian dollars within the next two to three months one of the analysts opined.
If China starts to devaluate the dollar, to upgrade the yuan, "Mann International" sources believe there might be further weakness on the US dollar worldwide, which means also against the euro.
Most emerging market indexes jumped over the barrier where they were before the crisis in April, making new all-time highs.
"Mann International" predicts that Turkey and Indonesia's stock markets will rise further, with the respective countries' currencies gaining against the greenback.
The firm did, however, caution that any sell-off in equity markets would see the dollar strengthen significantly as there are still some investors that regard the US dollar as a safe-haven in times of upheaval.