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Loews could appreciate by upwards of 50percentt over the next year to 18 months.
But he noted that some stocks still managed to "find their feet and appreciate" by the end of the day.
An influx of dollars has helped the real to appreciate by nearly 40% since the start of 2009.
"Data is going to drive everything and I don't think people appreciate by how much," he says.
On the Monday after its statement, the PBOC let the currency appreciate by over 0.4%, generating quite a bit of excitement.
As the bank continues to buy government bonds, the dollar is forecast to appreciate by 6.2% in the next three months.
These inflows from the West caused the zloty to appreciate by more than 50% against the euro during the credit boom.
China has let the exchange rate appreciate by roughly 13 percent against the dollar, in real terms, over that period of time.
Then, with the reduction of inflation in Argentina and the start of the real plan it was Brazil's turn to appreciate, by 35% until November 1994.
"If some currencies are pegged or sticky, because of interventions, others have to appreciate by a higher amount," said Michael Schubert, an analyst at Commerzbank here.
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10022, would be appreciated by the family.
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