Dollar weakness set to continue

CONTINUING dollar weakness in the weeks and possibly months ahead is expected after the weekend failure by the G7 economies to sing from the same hymn sheet on dollar policy.

G7 constitute the seven most powerful economies in the world, the US, Canada, Britain, Germany, France, Italy and Japan.

But lack of a definite statement on support for the falling dollar at the summit’s conclusion threw the door wide open for further dollar weakness, analysts said.