NEW YORK (Reuters) - The dollar will fall at least another 5 percent against a basket of major currencies in 2007, bond fund manager Bill Gross of Pimco said on Monday.
"Once people start to believe that the Fed will have to cut interest rates in the next three to four months, the dollar's decline is going to accelerate," Gross said in comments to the Reuters Investment Summit.
The dollar has lost about 12 percent versus the euro so far in 2006 and more than 13 percent against the British pound.
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