Redeker of BNP Paribas Says Dollar to Weaken on 'Hard Landing'

Hans Guenter Redeker, head of currency strategy at BNP Paribas SA, talks with Bloomberg's Nigel Stevenson from London about his outlook for a "hard landing" in the U.S. economy, a weaker dollar against the euro and yen and next week's interest-rate setting meeting of Federal Reserve policy makers. Former Fed Chairman Alan Greenspan said yesterday he expects the fallout from subprime-mortgage defaults to spread to other parts of the economy, especially if home prices decline. (Source: Bloomberg)

Bloomberg | March 16, 2007

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