Moneycontrol
Aug 01, 2017 08:57 AM IST | Source: CNBC-TV18

Expect more dollar weakness going ahead: Credit Suisse

The dollar has slipped to a 14-month low. In an interview to CNBC-TV18, Ray Farris, Director at Credit Suisse shared his views on the same.

The dollar has slipped to a 14-month low. In an interview to CNBC-TV18, Ray Farris, Director at Credit Suisse shared his views on the same.

Farris said the dollar weakness reflects disarray in Washington politics.

In short-term, euro has run quite hard and the dollar has weakened, he added.

He further said that euro seems under-owned, can run a bit further.

Credit Suisse expect euro to rise to 1.22 to dollar over the next year.

We expect more dollar weakness going ahead, said Farris.

Credit Suisse forecasts rupee to be at 64 levels versus the dollar in the near-term.

Dollar may bounce if US payrolls data is strong, he added.

Watch accompanying video for more details.

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