Now that the U.S. Dollar is at an all time low, and probably going to get even worse, when will the Dollar start to rise again? When do you anticipate the Dollar being 1.20 in Euros? And finally 1.00 in Euros? Thanks for the help!
2007-10-28 19:48:20 · 3 answers · asked by CarDesigner2020 2 in Social Science ➔ Economics
I am not a currency trader but....,
The dollar has been going lower and there is no sign in the foreseeable future that that trend will reverse.
I believe our low interest rates lowers the value of the dollar. The Fed has no intention of raising rates with all our housing and possible recession problems now. There are many other factors that effect the value of the dollar vs other currencies, maybe trade surplus/deficit, its complicated.
2007-10-28 20:25:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
January 15 to 30 2008
2007-10-30 09:42:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
if I knew the answer to this, I would be rich beyond my wildest dreams and spend just a few minutes a day setting up my currency trades before the markets opened. NO ONE knows what events of the future can cause exchange rates to move--NOT ME AND NOT YOU.
2007-10-29 02:58:37 · answer #3 · answered by Mike 7 · 1⤊ 0⤋