Vasileios Gkionakis and Inflation

dual mandate: That rate outlook helped propel the dollar to its highest in more than a decade last quarter, according to Bloomberg. With prices forecast to lag behind the Fed target for an 11th consecutive month, investors are starting to question whether the currency has outpaced the recovery. Policy makers are chasing 2 percent inflation as part of their dual mandate to deliver price stability and maximum employment as they move toward raising borrowing costs for the first time since 2006. We have an emerging dollar-bearish mood, Vasileios Gkionakis, Uni Credit Bank AG London-based head of global foreign-exchange strategy, said by phone Friday. The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 major trading partners, fell a fifth week, it longest run of declines since October 2013. We’d need to see a very very sharp acceleration in both activity and inflation to be able to justify the dollar at current levels. (news.financializer.com). As reported in the news.