By NEIL HARTNELL

Tribune Business Editor

Continuing downward pressures on the US dollar could have negative consequences for Bahamian purchasing power and inflation in the short-term, a leading Bahamas-based investment advisor warned yesterday, with the American currency likely to depreciate by another 5 per cent over the next 12-18 months.

Deno Moss, an investment advisor with Scotiabank (Bahamas) private client group, told Tribune Business that because of the Bahamian dollar's one:one peg to its US counterpart via the fixed exchange rate regime, the dollar's recent depreciation on foreign exchange markets - a trend likely to continue in the near term - was set to "erode" th ...

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