Forex Trading – Euro Vs. Dollar
As of mid 2008, the Euro is pounding the dollar into humility. In the battle of the Euro vs Dollar, it is a slaughter. As a result, many people from all over Europe are vacationing in New York, LA, and other cities acros America, looking to buy as much as they can. I say, “better act now because it will not last all that much longer.” This of course is just my opinion. Let me explain why I think the battle of the Euro vs Dollar is going to turn in the near future.
One off the major determining factors that move the two currencies involves the international real interest rate differential between the Federal Reserve and the European Central Bank. This major factor will move in the opposite direction of previous movement over 2008 in the upcoming year. Again, this is just my opinion but for reasons I do not have time to go into, I feel stronlgy about this.
The fiscal position of the US and Euro zone. With the change in the White House and inturn the deescalation of the Iraq War, we will see fiscal position change as we go into 2009 and beyond. This will have a major impact on the strength of the dollar.
Over all, I see the economic slowdown in the US continuing through 2008 but as we move through towards the end of the year I see the dollar strengthening as well as the economy over all.
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Former high school teacher, now stay at home mom, learning about Forex trading and having fun with it.
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