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Will Debt Deal be Devastating for the Dollar?

Monday, 1 Aug 2011 | 5:20 AM ET

"I don't think the dollar could really dare push up the euro above the 1.47 level... and I don't think (this level) will be breached," Ashraf Laidi, chief executive at Intermarket Strategy told CNBC. "I think, and this may sound controversial, that the dollar could decline against the yen even though we are reaching the record lows," he added.