What to expect from US$ in 2008?
- By Tomaso Veneroso
- Published 01/7/2008
It is a fact the US Dollar is loosing ground against the Euro.
The Greenbacks are expected to be trade at $ 1.4968 this week hitting a record high like in Nov. 23,2007.
Are there some hopes of gaining strength for the US $ ?
If the US escapes from the housing bust and credit crunch without a severe recession the Dollar might be primed to recover when the dust settles later in the year.
Strategist predict that by year's end the dollar will have strengthened modestly against the Euro.
The weakness of U.S. Job report boosted expectation that the FED will lower interest rates and therefore dashed expectation of an early year rally.
Currency movement are difficult to predict.
The question that i leave for you is :
What do you expect for the US$ to be traded against the Euro?
Analyst says that a fair value would be $ 1.20. Do you agree?
Remain a fact that currency movements are very difficult to predict
The Greenbacks are expected to be trade at $ 1.4968 this week hitting a record high like in Nov. 23,2007.
Are there some hopes of gaining strength for the US $ ?
If the US escapes from the housing bust and credit crunch without a severe recession the Dollar might be primed to recover when the dust settles later in the year.
Strategist predict that by year's end the dollar will have strengthened modestly against the Euro.
The weakness of U.S. Job report boosted expectation that the FED will lower interest rates and therefore dashed expectation of an early year rally.
Currency movement are difficult to predict.
The question that i leave for you is :
What do you expect for the US$ to be traded against the Euro?
Analyst says that a fair value would be $ 1.20. Do you agree?
Remain a fact that currency movements are very difficult to predict
