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will USD will recover in short duration?
with declining employment, falling housing, steep hike in oil prices can cause severe damage to US dollar. but still analyst feel that in coming month USD will rise.
i have my major part of investment in dollars. so gud news for me.
i have my major part of investment in dollars. so gud news for me.
Replies to This Discussion
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Permalink Reply by princess Todd on -
Today's update:
The U. S. currency (USD) continued to rise against the Japanese yen today, as the latter has been falling against the other major currencies on carry trade uprise. According to the news, dollar is actually supported by the optimistic expectations for the Q1 GDP preliminary release that is scheduled for today. -
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Permalink Reply by princess Todd on
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It had recovered!!!!!
The G7's April statement influences market trends – EUR/USD
The G7 issued statement in April surprised investors, thus creating a new market trend.
According to this statement, the G7 agreed to closely monitor the various exchange markets,
as well as intervene in favor of the dollar if necessary.
Following this statement, the euro has lost its $1.6020 peak within the next few weeks.
The euro eventually stabilized at $1.5451 yesterday, after slight budging, at just 1.4% from Tuesday's peak.
Source:
http://www.finexo.com/ -
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Permalink Reply by princess Todd on
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Dollar Move!
It is believed in US that the Fed is going to take hawkish attitude towards interest rates and Dollar. I strongly think that this move would make dollar into new heights. -
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Permalink Reply by Ron ODaniels on -
On my five minute chart it looks like it is going to be going up and down for certain. I will be ready to go the other way and then back again. That should give me 20 pips or so.
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