What your opinion?
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2006-12-29 22:41:57 · 5 answers · asked by muso m 2 in Business & Finance ➔ Investing
There are a number of factors working against the dollar. Balance of trade deficit, budget deficit, unfunded liabilities deficit, war in Iraq, government incompetence. The main support is the interest rates. If rates drop, funds will flow out of the dollar like an avalanch.
2006-12-30 00:00:11 · answer #1 · answered by Anonymous · 1⤊ 0⤋
In my opinion EUR goes UP and USD goes DOWN. From 2007 the EU will have two more countries, so the financial power of the EUR should go up. The US will go down, price of oil will be lower.
2006-12-29 22:52:40 · answer #2 · answered by crayul 2 · 0⤊ 0⤋
Who care?
If EUR/USD goes up then I buy if it goes down I sell. We always should follow the market
2006-12-30 02:40:47 · answer #3 · answered by VP 3 · 0⤊ 0⤋
Sell USD.
Buy EUR.
2006-12-30 17:01:19 · answer #4 · answered by Anonymous · 0⤊ 1⤋
There are many factors which may weaken greenback even more than now, but as so many expect that I am remaining neutral -to-reverse. IMO dollar can go down but not for long.
2006-12-29 23:22:14 · answer #5 · answered by efpol2000 2 · 1⤊ 0⤋