US pro-family groups blast Obama as 'extremely liberal'
http://www.christiantoday.com/article/us.profamily.groups.blast.obama.as.extremely.liberal/16137.htm
WASHINGTON – Two of the most prominent family values organisations in the US lambasted rising Democratic presidential candidate Senator Barack Obama as “extremely” liberal and “no friend” to 'values voters' during an analysis this week of the New Hampshire primary.
Obama, who won the Iowa caucuses and came in second in the primary, was denounced as a “fundamentalist left-winger” on social issues by Focus on the Family’s (FOTF) Tom Minnery.
Minnery, FOTF’s vice president of public policy, pointed out that Obama is against the federal marriage amendment that would define marriage as between a man and a woman; is against the abstinence programme in sex education and for the distribution of condoms; supports a strong civil union law that would give all benefits to gay partners; supports embryonic stem cell research; and is in favour of permitting minors to cross state borders for abortion.
“This man is no friend to anything that we hold dear,” Minnery declared during the FOTF Citizenlink special.
“Without question,” chimed in Tony Perkins, president of the influential Washington-based Family Research Council.
Both Christian conservative leaders noted that Obama has built his campaign on the image of being the moderate voice and as the consensus candidate.
“He likes to say, ‘I bring people together across the aisle,’” Perkins said. “I don’t know what for, maybe for coffee or something, but it is certainly not for the past policies that are favourable for the family.”
Obama has only been in the US Senate for three years, but his Illinois record is extremely liberal, according to Perkins, who was a former Louisiana state legislator. The FRC head further contended that the Illinois senator is so liberal that he challenges the establishment of the Democratic Party.
“He is to the left of Hillary Clinton, that is maybe why he isn’t talking about the issues,” Perkins noted.
Besides Obama and Clinton, the FOTF analysis also criticised New Hampshire Republican winner Senator John McCain for being difficult to work with. Although McCain was praised for being “pretty good” on the pro-life issue, he was criticised for opposing President Bush’s policy that restricted embryonic stem cell research.
The family values leaders also did not like McCain’s stance on the federal marriage amendment, which they said has been their top issue for the past several years. McCain supports giving states the right to define marriage rather than a constitutional amendment that would set the definition of marriage as the union between a man and a woman in all 50 states.
Meanwhile, the pro-family leaders praised Republicans Mike Huckabee and Mitt Romney for sharing the same social values.
During the broadcast, Minnery highlighted that Obama received a score of “absolutely zero” on a recent Family Research Council (FRC) Action/Focus on the Family (FOTF) Action voter’s guide that rated all congressional members on their voting record on pro-family legislations. Clinton also scored zero on the scorecard.
Still, Obama has resonated with many African American religious leaders who created a committee last month in support of the Democratic contender. Faith leaders of the committee believe that Obama is living out his faith and values in his public life.
“As a lifelong advocate for the less fortunate and the forgotten, Senator Obama lives his faith everyday. He continues to talk about a faith that works to unite and not divide people," African American Religious Committee Co-chair, the Rev Otis Moss Jr, has said.
Unconvinced that Obama really is living out his faith, Perkins advised values voters to look at all the candidates’ records and past performance rather than allow 30-second commercials to “tug at your emotions, your heart strings”.
Evangelicals across America are tired of empty promises, he said. They are looking for a president that will take the values voters’ agenda to the president’s office and “get something done”.
“Even if they don’t succeed they are willing to fight for the values that you and I believe in,” the FRC president added. “That is the candidate that we are looking for.”
Top Christian artists write songs to benefit poor countries
http://www.christiantoday.com/article/top.christian.artists.write.songs.to.benefit.poor.countries/16136.htm
Top Christian music artists who gathered for a retreat in Scotland this week to compose songs for charity are surprised yet exhilarated after writing almost double the number of songs they initially set as a goal.
The plan for the Compassionart songwriters' retreat was to gather internationally recognied songwriters – including Martin Smith of Delirious?, Michael W. Smith, Steven Curtis Chapman and Darlene Zschech – to write 10-12 songs to raise money for those suffering in the poorest countries.
Songwriters participating in the historic gathering, which began January 7 and ended Friday, are amazed by the achievement. Through small break-up teams, the talented group cumulatively produced over 21 strong songs, according to Delirious? frontman Smith, who founded Compassionart.
"We've done it. We just need to record these songs now. It's been awesome," Smith said on the band's website Friday. "I'm proud, in awe, exhilarated and tired. Good days, great days."
He compared the retreat as one of the times in "history when people join together to do something great and lay down their own agenda, their own territory".
"Unbelievable" was the word Michael W Smith used to describe the experience. Although some of them had written songs together before, it was the first time they did it together with dozens of award-winning artists.
“It’s been especially touching to see everyone be themselves and be vulnerable in front of each other. Yet when a group plays its song, the whole room erupts. It’s just pure Christianity. It’s a team thing of people lifting each other up," said the three-time Grammy Award winner and American Music Award recipient Smith.
"It’s incredible to be working with all of these artists for a worthy cause. Laying down your own agenda really frees you in so many ways, and this week has been a pure joy," he added.
In addition to putting aside record label affiliations, the Christian music artists also waived their claims to royalties from the songs and copyrights to the songs.
All proceeds derived from the songs written during the retreat will go directly to charity. Half will go to the charity of the songwriters' choice and the other half will go towards a charitable programme to be selected later by the songwriters.
Royalties will go directly to copyright holder Compassionart – based in Littlehampton, England – which will then distribute the money to the charities of choice.
Other participating artists were Paul Baloche, Stu Garrard (Delirious?), Israel Houghton, Tim Hughes, Graham Kendrick, Andy Park and Matt Redman.
Chris Tomlin, who cancelled plans to attend due to a short-term illness, called on Wednesday to express his disappointment for not making the retreat but said he was "excited" to hear about the event's fruits.
Renowned Christian speaker Joyce Meyer had joined the gathering, leading a morning devotional.
Baloche, author of the worship favorite "Open the Eyes of My Heart", said one of the most memorable aspects of the retreat was the deep friendships he formed.
“I can’t even tell you how rewarding it was to hang out [with] people who really get you and what you’re about,” he said.
“It’s a great way to start a new year, that’s for sure. That deep connection has made all the difference in collaborating together.”
More on Compassionart at www.compassionart.co.uk
MercyMe celebrates record-breaking radio and sales In 2007
http://www.christiantoday.com/article/mercyme.celebrates.recordbreaking.radio.and.sales.in.2007/16101.htm
With their latest project “All That Is Within Me” outpacing sales of their previous RIAA Gold-certified recording, the multi platinum, Dove Award-winning and Grammy-nominated band MercyMe is kicking off 2008 as the headline act for the US Winter Jam.
They are also celebrating a record-breaking year in 2007. WinterJam begins this Thursday, January 10th, in Johnson City, TN, and will hit over 30 markets through mid-March.
As the lead act, MercyMe will be partnering with WinterJam and Mozes to continue to build their already growing mobile fanbase.
During the course of this tour, they will be encouraging fans to join their Mozes mobile MOB to get a free ringtone and wallpaper.
Last year, Mozes partnered with WinterJam and saw over 40,000 texts from fans getting involved in the SMS revolution, and saw their mobs grow to over 12,000.
MercyMe expects a great involvement rate for this year’s tour, as they were able to kick off their mob during their fall tour, ending it with 2500 members.
Mozes is a growing company that provides tools to send and receive mobile messages to and from bands, social groups, and friends.
With three two No. 1 singles from their 2006 release “Coming Up to Breathe,” ("So Long Self" “Hold Fast”, “Bring the Rain”) and six previous consecutive No. 1’s under their belt, their latest track continued MercyMe’s reign as one of Christian radio’s premiere artists.
“God With Us” set the record for most AC adds in a week with over 75% of R&R’s AC panel, and 79 total R&R and CRW reporting stations immediately adding the song. The single went on to hit No. 1 in a fast and furious eight weeks.
At the close of 2007, MercyMe was the No. 1 Most Played AC artist (R&R/CRW) and Inspo artist (CRW) in 2007, and after reaching as high as No.16 on iTune’s Top 100 Albums list, and No. 1 on iTunes Top Christian Albums list since its release, “All that is Within Me” was also named No. 1 on iTunes Best of Chart for Christian/Gospel in 2007, a list created by iTunes staffers.
In addition, the album remains in the top five on Billboard’s Contemporary Christian SoundScan chart after entering the Top 200 chart at No. 15 and selling an impressive 83,626 units, a personal record for units sold in a project’s first week.
Poland may sue author of book on treatment of Jews
http://www.christiantoday.com/article/poland.may.sue.author.of.book.on.treatment.of.jews/16151.htm
The author of a book accusing Poles of conducting a campaign against the Jews after the Holocaust could face charges of slandering the Polish nation, prosecutors said on Friday.
Jan Gross has already accused Poles of actively assisting the Nazis in persecuting Jews in World War Two. In his latest book, "Fear", he writes that anti-semitism remained prevalent in the years immediately after the Holocaust.
The book was released in Polish on Friday.
A spokesman for the Polish prosecutors' office in the southern city of Krakow said it would decide within days whether to press charges against Gross. If convicted, he could face up to three years in jail.
"The investigation was opened after numerous press publications on this matter," the spokeswoman said. "After the analysis, we will decide whether to proceed with legal action."
Gross was not immediately available for comment.
In an interview with daily Rzeczpospolita published on Friday, Gross rejected charges that his book was directed against Poland.
"I am convinced anti-semitism was one of the main poisons that were injected into the Polish identity," he was quoted as saying, and he blamed nationalist and Catholic circles.
"Will these people be finally able to say mea culpa? We'll see."
In "Fear" Gross writes that Poles often beat and killed Jews after the war, culminating in a pogrom in the southern city of Kielce, where the disappearance of an eight-year-old boy sparked a bloody reprisal against the Jewish community there.
Some Polish historians blame the pogrom on communist security forces, who they say encouraged the killing of some 40 people.
Gaza: Gunmen loot American school
http://www.jpost.com/servlet/Satellite?cid=1199964902218&pagename=JPost%2FJPArticle%2FShowFull
Palestinian gunmen went on a rampage inside the American International School in the Gaza Strip Saturday, destroying equipment, looting computers and torching buses.
The attack was the second of its kind against the private school since Thursday, when three gunmen fired a rocket-propelled grenade at the building.
No casualties were reported in the two pre-dawn attacks, which took place while the school was closed.
The attacks, claimed separately by radical Islamic groups in the Gaza Strip, came in protest against US President George W. Bush's visit to Ramallah and Bethlehem.
Ribhi Salem, the school director, condemned the attacks as "terrorism against education." He said the second attack took place around 2 a.m. Saturday. "The gunmen raided the school and smashed windows, stole computers and destroyed other equipment," he said. "Then they set fire to six school buses and a private car." The Hamas-controlled Ministry of Interior condemned the attack and vowed to pursue the perpetrators.
The school does not have any American teachers. In 2006, two teachers were kidnapped and later released unharmed. The kidnapping prompted many foreign nationals to leave the Gaza Strip.
A group called Army of Believers-al-Qaida in Palestine claimed responsibility for Saturday's attack and accused the school of corrupting Palestinian teenagers.
A leaflet issued by the hitherto unknown group said: "Polytheists and enemies of Islam are pursuing each day their work to destroy our youths, who are falling by the dozens into the swamps of vice and moral decadence. That is why we must re-establish the truth and warn everyone who might try to corrupt our youths or try to open such places of corruption."
The previous attack was claimed by another al-Qaida-inspired group called Warriors of Jerusalem. It said the attack, which took place hours before Bush's meeting in Ramallah with Palestinian Authority President Mahmoud Abbas, was aimed at wiping out the "last symbol of US presence in the Gaza Strip."
'Syria rebuilding site bombed by IAF'
http://www.jpost.com/servlet/Satellite?c=JPArticle&cid=1199964900918&pagename=JPost%2FJPArticle%2FShowFull
Syria has resumed construction at the site bombed by IAF jets in September 2007, a New York Times report said on Saturday morning.
In a satellite image released by private Colorado company, DigitalGlobe, the original main building appears to be in the process of reconstruction with the only difference being the shape of the roof. The photograph was taken on Wednesday, said the report.
The unspecified "military target" had been struck deep inside Syrian territory, while foreign reports claimed the site was a military installation containing nuclear material and technology supplied to Syria by North Korea. Syria has denied this claim, saying that Israel hit an empty warehouse.
According to a European diplomat cited by the Times, the International Atomic Energy Agency (IAEA) recently became aware of the new construction. "Obviously, they're keeping an eye on the site," he said.
President of the Institute for Science and International Security David Albright told the Times that "we can assume it's not a reactor" due to international uproar that spread after the air strike.
Further if international inspectors reach the site only after a certain period of time, it will be more difficult for them to find nuclear evidence, he continued. "The new building," he said, "covers whatever remained of the destroyed one."
America is, whether it recognizes it or not, at war
http://www.jpost.com/servlet/Satellite?cid=1198517286952&pagename=JPost%2FJPArticle%2FShowFull
The coming US election, preceded by what is arguably the longest election campaign in American history, will turn on which question it serves to answer: is it about which candidate most represents change, or which will keep America secure at a time of war?
At the moment, it looks like there is no serious contest between these questions. It is an election about change. Even though the case could be made that America has done well on both the economic and security fronts under George Bush, Americans are fed up with him, much as Israelis were fed up with Binyamin Netanyahu by the time he was booted out of office.
Yet the assassination of Benazir Bhutto demonstrates how quickly the outside world can remind America of its existence. Suddenly, the world can look like a more threatening place. When that happens, Americans look to the presidency, more than any other office, to safeguard their security.
As for those of us watching America anxiously from outside, the need for a global leader is obvious, in stark contrast to the near irrelevance - absent major international incidents - of this consideration to Americans themselves. Particularly in Israel, we can see that America is, whether it recognizes it or not, at war - the same war that Israel is fighting to
defend itself against Islamofascist aggression.
Though Bush is strongly identified with this fight, in my book neither party has a monopoly over how best to confront the threats facing the West. So far, the Democrats' talk of engaging Iran and Syria as a panacea is dangerous and silly, but the Republicans have not put forward a coherent strategy for defeating Islamofascism either. Indeed, as the Bush Administration enters its final years, its policies attain a greater resemblance to the previous administration's approach than to the path Bush set out in the months and years following 9/11.
As the campaign slogs on, I will be looking for clues as to how the candidates from both parties would conduct American foreign policy should they be elected, and what the election will mean for the epic global struggle that is currently brewing in a way that has not been seen since the 1930s.
Analysis: Huckabee, Thompson Drop Gloves
http://www.cbn.com/CBNnews/302632.aspx
GRAND RAPIDS, Mich. -- Republican presidential hopeful Mike Huckabee went from Mr. Nice to Mr. Nasty when rival Fred Thompson started calling him what he considered a bad name - a liberal.
The Southerners are fighting on warmer, more familiar turf in South Carolina, which holds a Republican primary four days after Michigan votes on Tuesday. Huckabee, the former governor of Arkansas, wants to build on his victory in the Iowa caucuses, while Thompson, once a Tennessee senator, needs a victory to keep his campaign afloat.
Huckabee said Friday that the lawyer-turned-actor-turned-politician had little to show for his time in the Senate.
"Eight years is a pretty long time to get a check from the federal government and not be able to say" he passed a major bill, Huckabee sniped.
In fairness, it was Thompson who started the spat, calling Huckabee a liberal on the economy and foreign affairs in Thursday's GOP debate in South Carolina. He ticked off Huckabee's alleged sins against that most hallowed of Republican institutions, the church of Ronald Reagan.
"On the one hand, you have the Reagan revolution. You have the Reagan coalition of limited government and strong national security," Thompson said. "On the other hand, you have the direction that Governor Huckabee would take us in."
Among Huckabee's transgressions: He called President Bush's foreign policy "arrogant," he supported taxpayer-funded scholarships for children of illegal immigrants and he signed a smoking ban into law.
"So much for federalism," sniffed Thompson, who enjoys cigars. "So much for states' rights."
Thompson clearly hit where it hurt, and Huckabee struck back several times while campaigning Friday in Michigan.
"It was real interesting hearing Fred Thompson talk about Ronald Reagan last night," Huckabee said. "Because Fred Thompson supported Gerald Ford in 1976 and not Ronald Reagan. He supported fellow Tennessean Howard Baker in 1980 and not Ronald Reagan. I appreciate his recent conversion, but some of us were for Ronald Reagan back in the early days; our legacy goes back a little further."
Then he got more personal, saying Thompson had little to show for his time as senator from Tennessee. Thompson didn't pass measures on illegal immigration or other issues he is campaigning on, Huckabee said.
Both men are wooing the same Christian conservative voters as they try to fend off Arizona Sen. John McCain, who won Tuesday's New Hampshire primary with moderate Republican and independent support. Huckabee, a former Southern Baptist preacher, has rallied pastors behind him, while Thompson has collected a series of endorsements from anti-abortion groups.
Lashing out is new for Huckabee, who defeated his chief rival in Iowa, Republican Mitt Romney, in large measure by staying positive while Romney assailed him with television commercials.
In fact, Huckabee made an elaborate gesture to show he was Mr. Nice, holding a news conference to announce he had decided not to respond with an attack ad of his own. He played the ad for journalists anyway, but his decision was interpreted by many Iowa voters as staying above the fray.
Even then, Huckabee said he might go negative in South Carolina or another state.
"Each election we'll look at on its own terms," he told reporters traveling with him in Iowa. "I sensed here in Iowa, people were really, really exhausted with the kind of nasty stuff that they'd been seeing and inundated with."
Not that he's being nasty, of course. After suggesting that Thompson needed to lighten up - he told MSNBC on Friday that Thompson needed to drink a bit of the digestive aid Metamucil - Huckabee later assured reporters that he was only trying to bring some humor to the stump.
In contrast to Huckabee, Thompson's demeanor has been more grumpy old man than Mr. Nice. He is 65, while Huckabee is 52.
Some people "don't like to have their records talked about," Thompson said Friday in Mount Pleasant, S.C. For anyone who didn't get the reference, Thompson helpfully added, "one of the guys who shall remain named Governor Huckabee."
Spoiling for a fight, Thompson even questioned whether Huckabee had a more hardscrabble upbringing. Huckabee's dad worked two jobs as a firefighter and mechanic, and Huckabee was the family's first male high school graduate. Thompson's dad was a used-car salesman with an eighth-grade education.
"I can out-poor any of them," Thompson said. "I grew up under more modest circumstances than anybody on that stage."
Congress Uses Olympics to Focus on China
http://www.cbn.com/CBNnews/302624.aspx
WASHINGTON -- The world will be watching China closely as it gears up to host the Olympics this year. So will U.S. lawmakers, who hope to use the attention generated by the summer games to highlight their complaints about China's government.
Lawmakers, in hearings and in legislation, will scrutinize what some see as unfair Chinese economic policies, its secretive military buildup and its human rights abuses. China already has been targeted by presidential candidates.
"The Chinese want this `Show' - with a capital `S' - to showcase their government to the world," Rep. Chris Smith, R-N.J., said in an interview. Congress, he said, should use that as leverage to "bring maximum scrutiny and light to their egregious human rights abuses."
Smith champions legislation that would stop U.S. technology companies from aiding countries that restrict Internet access. American Internet companies have been denounced for turning a blind eye to abuse in China so they can crack that lucrative market.
The Bush administration's criticism of China is usually muted. Lawmakers, however, are more vocal in asserting that China has failed to live up to its responsibilities as an emerging superpower.
With the presidential campaign heating up, "2008 promises to be a trying year" for U.S.-China ties, wrote Brad Glosserman and Bonnie Glaser, analysts with the Center for Strategic and International Studies think tank. "There will be a temptation to make China a foreign policy issue or a scapegoat for problems in economic and security policy."
U.S. manufacturers say Beijing's low valuation of the yuan, its currency, makes Chinese goods cheaper in the United States and American products more expensive in China. Lawmakers are considering bills that would punish China for what they contend are predatory trade practices.
Lawmakers also worry about China's rapid military spending and the country's apparent secretiveness about its military aims. The House Armed Services Committee will hold hearings this year with top U.S. commanders in the Pacific, where China will be a major topic.
Last year, Washington criticized China's test of an anti-satellite weapon as a provocative militarization of space. The two countries also sparred after China barred the USS Kitty Hawk from entering Hong Kong for a port call.
But it is Taiwan that could cause the most friction. Taiwan split from China in 1949, although Beijing continues to see the island as part of its territory. China has pledged to keep the island from independence by force if necessary.
Reps. Scott Garrett, R-N.J., and Tom Tancredo, R-Col., are among sponsors of a resolution that would voice Congress' support for Taiwan's membership in the United Nations, which both China and the Bush administration oppose as a provocation. A referendum, scheduled to be held with Taiwan's presidential election in March, asks voters if they would support the island's application to join the United Nations under the name Taiwan, rather than under its long-standing official title, Republic of China.
The Olympics, said Mac Zimmerman, Tancredo's chief of staff, provide "a good opportunity for Taiwan and its friends in Congress to raise the profile of the Taiwan issue."
Ralph Cossa, president of the Pacific Forum CSIS think tank, noted worry that congressional support for Taiwan's U.N. membership could encourage Taiwan President Chen Shui-bian to do something that China would see as a push for independence. Chen is trying to carve out a non-Chinese identity for the island.
"Hopefully, they won't do too much," Cossa said of Congress, "because nothing makes things worse than congressional efforts to make them better."
Dollar Falls Versus Euro in Third Week on Fed Outlook
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1HIcVHSD8jk&refer=home
The dollar fell for a third week versus the euro, its longest losing streak since November, on speculation the Federal Reserve will increase the pace of interest rate cuts to avoid a recession.
The U.S. currency declined 1 percent on Jan. 10, its biggest one-day drop in almost two months, when Fed Chairman Ben S. Bernanke said more interest-rate cuts ``may well be necessary'' to offset the ``downside risks'' to economic growth. Data next week may show retail sales stalled in December, the housing slump deepened and consumer price inflation slowed.
``The Fed will act to cut interest rates very aggressively to prop up the economy,'' said Fabian Eliasson, vice president of foreign exchange sales at Mizuho Corporate Bank in New York. ``The dollar will suffer from the interest-rate differential perspective.''
The dollar fell 0.2 percent to $1.4776 per euro, from $1.4743 on Jan. 4. The euro strengthened 0.4 percent to 160.79 yen, from 160.09. The dollar gained 0.2 percent to 108.84 yen, from 108.60.
Fed funds futures contracts on the Chicago Board of Trade yesterday showed 34 percent odds the Fed will cut its 4.25 percent target rate for overnight bank loans to 3.5 percent by its Jan. 30 meeting, compared with no chance on Jan. 10. The odds of a half-point cut were 66 percent, down from 88 percent on Jan. 10, and up from 6 percent a month ago.
Dollar's Decline
European Central Bank President Jean-Claude Trichet kept the main refinancing rate at 4 percent on the same day Bernanke spoke, and said his central bank will ``not tolerate'' an inflation spiral.
The dollar fell 9.5 percent against the 15-nation European currency last year when the Fed lowered interest rates 1 percentage point.
``I'm in the dollar-bear camp,'' said Jeff Gladstein, global head of foreign-exchange trading at AIG Financial Products in Wilton, Connecticut. ``Economic standings in other countries are faring better than ours. The dollar needs to depreciate another 4 to 5 percent before it starts to offer value.''
U.S. Treasury Secretary Henry Paulson said yesterday the U.S. economy slowed ``rather materially'' at the end of 2007, and any steps to jump-start growth will be ``temporary.''
Retail Sales
Retail sales in the U.S. were probably unchanged last month, after increasing 1.2 percent in November, according to the median forecast of 61 economists in a Bloomberg News survey. The Commerce Department will release its report on Jan. 15.
Consumer prices may have increased 0.2 percent in December, after rising 0.8 percent in the previous month, according to the median forecast in a separate Bloomberg survey. The data will be released on Jan. 16.
A separate report might show the next day that builders in December broke ground on 1.145 million new homes at an annual rate, down from 1.187 million in the prior month, according to another Bloomberg News survey of 59 economists. It would be the lowest since March 1993.
``If we do see retail sales are flat and inflation subsides, an inter-meeting cut is possible,'' said Brian Taylor, chief currency trader at Manufacturers & Traders Trust in Buffalo, New York.
`Under Pressure'
Goldman Sachs Group Inc. this week cut its forecast for the dollar on expectations the U.S. may slip into a recession. The dollar will decline to $1.51 against the euro in the next three to six months, compared with its previous forecast of $1.43, the New York-based bank said in a research note.
Some analysts say the dollar's decline may be limited as the U.S. economy's weakness will drag down global growth.
``The spillover effects from the U.S. into the world economy are likely to be much higher than the market originally anticipated,'' said Ian Stannard, foreign-exchange strategist at BNP Paribas SA in London. ``From that perspective, we are likely to see the euro-dollar coming under pressure.''
The dollar will probably trade at $1.47 per euro and 109.4 yen at the end of the first quarter, according to the median forecast of 32 analysts, traders and investors surveyed by Bloomberg News between Jan. 3 and Jan. 8.
The U.S. currency will finish at $1.40 per euro and 107.5 yen by year-end, the survey estimated.
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