“Those fears are overblown,” he told CNBC. “We’ve got a few comments from various foreign officials all suggesting that the U.S. dollar is going to remain the primary global reserve currency.”
Dolan said the dollar rebound would keep commodity prices under pressure.
However, Stanziale said he expects the dollar to weaken, and as a result, offer strength to crude oil. He expects crude oil to reach $75 to $80 a barrel this summer.
“All commodity [prices] are based off the dollar, so the dollar is very important to where commodities are going to go in general,” he said. “I believe that demand will stay in check and the key issue here is the dollar.”
No immediate information was available for Dolan or Stanziale.
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