We spoke with Michael Hasenstab, Co-Director of International Bonds, Franklin Templeton Fixed Income Group for his outlook on the USD

Key Points:
- In November 2009, Michael made the currency call that the USD would appreciate against the Yen and the Euro
- The US Dollar: End-November 2009, one USD bought 0.6793 EUR. Mid-September 2010, one USD bought 0.7887 EUR. The USD strengthened about 15% against the EUR.
- The Japanese Yen: End-November 2009, one USD bought 86.41 JPY. Mid-September 2010, one USD bought 85.74 JPY. The USD weakened marginally by 0.78% against the JPY.
- He is now neutral on the USD verses the Euro, and believes the USD will strengthen against the Yen