31 March 2008 21:27 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The US dollar would likely reverse its losing trend by the end of the year, re-opening the arbitrage for some imports into the US market, a US chemical trader said on Monday.
"It will not back to what it was before, but we expect to see a strengthening," the trader said on the sidelines of the National Petrochemical & Refiners Association (NPRA) annual meeting in San Antonio, Texas.
The US dollar has weakened sharply alongside the slide of the ?xml:namespace>
The currency weakness has had a silver lining for the local chemical industry.
($1 = €0.63)
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