Dollar likely to stay weak in 2004

A FORMER top Clinton aide has waned the euro could hit $1.50 in the months ahead. His claim at the World Economic Form (WEF) was dismissed as unrealistic and biased.

It highlighted the pressure facing the dollar, however, pressure that is likely to stay in place for many months, experts warned.

So far the euro has failed to hit the $1.30 mark. It came close last week, but then fell as the European Central Bank tried to talk the euro down.