Discussion in 'Investment Strategies' started by demeanor, Apr 19, 2010.
Thats right... but i have seen that the US Dollar has become weaker against other currencies.
but even if the dollar became the currency of the world and has a very vital role, but the currency still lost in comparing pondsterling ... and to offset all of the European Union makes its own currency called the euro
The US dollar is under pressure when data showed US retail sales declined for a second straight month.
dollar strengthened after a few months ago many countries in Europe that are in the Netherlands the economic problems so that the value of the euro to fall ...
The Dollar weakened against most of the currencies as the Housing Starts came out 0.55M worse than expected 0.57M but the Building Permits came out 0.59M better than expected 0.57M. The Stock Markets turned from the sharp declines to positive trend with NASDAQ and Dow Jones appreciating 1.1% and 0.74% respectively.
The dollar has struggled agianst as US economic data was weak and has dashed market expectations of a Fed interest rate rise in 2011.
The Dollar is weakened against all currencies as better than expected New Home Sales data was released at 330K vs. 310K expected.
Due to globalisation and the existence of a rival in the form of the euro, there was never a chance of usurping the dollar because their economies were small compared with that of the US. Today, the eurozone trading bloc is as big as America and set to grow larger as new member states join the EU.
Euro zone has improved greatly against the Usd. The zone has gained significantly for a couple of days now. I presume the USD is getting ready for a rebound
The exchange rate of Euro has been pegged 1.3415 US dollars as in 2007.Euro’s main problem lately is the economic diversity of the European Union.
when the post is published, the EU seems to be where unpredictable motion. Better to wait stable.
In forex frequent fluctuations can be seen. There are several factors which are responsible behind that.And it is really difficult to keep track record of all the factors.
EUR is always better then US Dollar and in recent it has recovered and looking bright, so no doubt that it will remain stronger than US Dollar.
I hold onto my euro account because it is also a stable currency. If you can afford it, might as well have one, right? Also, when you travel to Europe, it is nice when you already have a some Euro on hand and when you come back from your trip, you can just deposit whatever Euro you have left to your account. It will probably really depend on whether you travel to Europe regularly, then it will be wise to have such an account.
EURUSD, EURJPY, GBPUSD seems to be in upwards trend however USDJPY, US stocks, US 10-y yield seems to be moving downside despite of the press conference delivered by the Trump, seems he did not satisfied the investors looking for hopes from the newly elected US President.
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