(Bloomberg) -- John Taylor, chairman of FX Concepts Inc., a New York firm that manages about $12 billion in currencies, said the dollar will weaken over the longer term. He spoke during a telephone interview, following release of the first-quarter gross domestic product report.
``I think the dollar is going to be fine for a month or two. Most of the economists say that the U.S. economy is going to look stronger and believe the reasons why the GDP fell so much are flukes and that they will correct themselves in the second quarter. That's why we don't see the dollar plummet today.''
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