JPMorgan: Dollar to become the world's weakest currency

INTERNATIONAL. The dollar may fall below �75 next year as it becomes the world?s ?weakest currency? due to the Federal Reserve?s monetary-easing program, according to JPMorgan & Chase Co.The U.S. central bank, along with those in Japan and Europe, will keep interest rates at record lows in 2011 as they seek to boost economic growth, said Tohru Sasaki, head of Japanese rates and foreign-exchange research at the second-largest U.S. bank by assets. U.S. policy makers may take additional easing steps following the US$600 billion bond-purchase program announced this month depending on inflation and the labor market, he said.?The U.S. has the world?s largest current-account deficit but keeps interest rates at virtually zero,? Sasaki said at a forum in Tokyo yesterday. ?The dollar can?t avoid the status as the weakest currency.?The Fed said on Novenebr 3 it will buy US$75 billion of Treasuries a month through June to cap borrowing costs. The central bank has kept its benchmark rate in a range of zero to 0.25% since December 2008. The Bank of Japan on October 5 cut its key rate to a range of zero to 0.1% and set up a �5 trillion (US$59.9 billion) asset-purchase fund.More Here..How Boomers & Retirees Will Become Bailout, Stimulus & Currency War Casualties

Depression Symptoms Depressed Symptoms