Forex outlook: US dollar likely to benefit from Greek woes

Posted by 7Star Sunday, January 17, 2010

The dollar in the coming week is likely to benefit from concerns about the euro arising from Greece's fiscal problems, but the greenback's gains are seen limited by uncertainty about the outlook for the US economy. Greece slid into its first recession in 16 years in 2009 and is poised to become the euro zone's most indebted member this year, with debt estimated at more than 120 percent of gross domestic product.

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