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ABN sees Re at 43.20/$ in a year

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Our Banking Bureau Mumbai
 ABN Amro sees Asia as the main driver for weakness in the US dollar and not Europe. The Dutch bank today forecast a strong outlook for Asian currencies and further weakening in the US Dollar (USD), with the US dollar set to fall an additional 5-6 per cent against a range of key Asian currencies due to the high proportion of the US current account deficit (60 per cent) in the region.

 Asia

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First Published: Oct 09 2003 | 12:00 AM IST

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