Dollar Is Facing a Period of Volatility After Modest Comeback, Analysts Say
NEW YORK -- The dollar has made a modest comeback after its slide in recent weeks, but a number of hurdles lie ahead.</br></br>With global central banks still apparently poised to squelch any fierce rally and a wider U.S. trade deficit forecast, currency analysts say the dollar isn't out of the woods.</br></br>"The dollar is going to be very volatile," says Diego Giurleo, manager of corporate trading at the Royal Bank of Canada.</br></br>The central banks of major nations appear eager to keep the dollar within prescribed ranges.</br></br>U.S. Treasury Secretary Nicholas Brady appeared Friday on ABC-TV's "Good Morning America" program and said it is important for the dollar to hold in the trading bands it maintained between the last two gatherings of the Group of Seven major industrial nations.