It's highly likely that the local currency would breach the historical high against the U.S. counterpart set in December 1995... but my guess is that it will settle at around current levels (1.40) at around the end-of-the-year.
This is election year in the States; both the FED and the administration are doing all they could to prevent the "S-word" from happening (or has it already happened)... all these (good news) would filter into the market towards the second half of the year.
At least, that's what I hope.
This is election year in the States; both the FED and the administration are doing all they could to prevent the "S-word" from happening (or has it already happened)... all these (good news) would filter into the market towards the second half of the year.
At least, that's what I hope.