Forex Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Forex Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: majaman1978	7/23/2007 5:47:51 PM
	Read Replies (1) of 50

The US currency has fallen 4.5 per cent against the euro this year and 4 per cent against sterling, hitting a new 26-year nadir against the pound last week. The trade-weighted dollar index dropped to its lowest since 1992. The dollar exchange rate is important because the US relies on hefty foreign purchases of securities and other assets to fund its current account deficit. “At some point, the fall in the dollar will translate into foreign investors no longer buying US assets and selling their existing holdings,” said William Strazzullo, chief market strategist at BellCurve Trading. “We expect euro/dollar to appreciate to $1.42 by the end of the quarter and sterling/dollar to to move to $2.10 as investors reduce their dollar-denominated exposure,” said Hans Redeker at BNP Paribas. valueforum.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next