Dollar recovery from 87.00 low on January 21 has reached levels right below 100.00 on early April. national Bank Financial foresees the Dollar breaking above 100 during the current quarter to end 2009 year at levels around 110.00.
The National Bank Financial technical analysis team forecasts the Dollar uptrend to extend above 100.00,to reach 102.00 at the end on the second quarter of the current year and continue appreciating throughout the rest of the year.
USD/JPY will reach levels around 105.00 by the end of the 3rd quarter and rush to 110.00 by year end, according to National Bank Financial Forecasts.
Furthermore, NBF sees the Dollar rally to continue through next year, reaching levels around 115.00 in the first quarter and 118.00 in the second quarter of 2010.
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