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UBS's Weber sees dollar rising as central banks enter new phase

from Bloomberg Businessweek

UBS AG Chairman Axel Weber said he expects the euro and yen to weaken against the dollar because the world’s three major central banks are on different paths. The Bank of Japan, the European Central Bank, and the U.S. Federal Reserve have entered a “new phase,” Weber, a former president of Germany’s Bundesbank, said in an interview with Bloomberg Television. The Fed has started to allow interest rates to rise by reducing its bond purchases and will continue to do so, said Weber, 57 more

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