The dollars rallies to a six-week high against the euro!

The dollars rallies to a six-week high against the euro!
May 8, 2008 04:04
YVONNE Points: Join Date: Nov 29, 2004 Status: offline	In previous months, the dollar has been depreciating seriously with US Fed’s move to cut the interest rates. However, it has rebounded in recent days. Yesterday, the dollar even rebounded to a six-week high against the euro. Some investors believe that this marks that US economy is entering its recovery period. However, some Euro zone officials comment that the current dollar-euro exchange rate is UNHELPFUL to both the US and Europe. Also, both the US and the Europe hope that the dollar can rise rapidly. What’s your opinion on the dollar rise? Does it really suggest that US economy is recovering?

May 8, 2008 04:04

YVONNE
Points:
Join Date: Nov 29, 2004
Status: offline

In previous months, the dollar has been depreciating seriously with US Fed’s move to cut the interest rates. However, it has rebounded in recent days. Yesterday, the dollar even rebounded to a six-week high against the euro. Some investors believe that this marks that US economy is entering its recovery period. However, some Euro zone officials comment that the current dollar-euro exchange rate is UNHELPFUL to both the US and Europe. Also, both the US and the Europe hope that the dollar can rise rapidly.

What’s your opinion on the dollar rise? Does it really suggest that US economy is recovering?

May 8, 2008 07:03	#1
GARYKINKADE Points: Join Date: Jan 8, 2008 Status: Offline	It's just a game being played amongst the monied individuals and institutions of the world and we pawns are merely bystanders. "We have met the enemy and they is us"

May 8, 2008 09:25	#2
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	currency speculators gain the margin. personal opinions, it's normal fluctuation and no upturn indicators for US economy.

May 8, 2008 20:58	#3
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	Why does US "neglect" the dollar depreciation? I can boost the export. On the other hand, it forces RMB to appreciate faster as they expected. As the news said, US Fed might cut its interest rates again. It will make the dollar depreciate more. Marrie, what do you think of the interest rates cut policy? Is it useful? How it will impact the world economies?

May 8, 2008 22:32	#4
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	jimmy, these days, mortgage brokers have been back to life.

May 9, 2008 22:03	#5
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	Hehe, have they learned some lessons from the subprime crisis? I am wondering if US citizens have learned any lesson too. The subprime crisis has not only impacted US but also many other countries in the world.

May 9, 2008 22:23	#6
JCNILE123 Points: Join Date: Mar 30, 2006 Status: Offline	He, he, Then... it rally downward...again.

Post a Reply to: The dollars rallies to a six-week high against the euro!