Falling American Dollar
Looks like the dollar will continue to fall if participants in a recent poll are correct. Investors agree that the Bush administration havn't got much interest in turning the dollar around in 2005 as it helps to narrow the all time high US trade deficit.
Dollar Heads for Worst Quarter Versus Euro in More Than 2 Years
"The dollar is heading for the biggest quarterly decline against the euro in more than two years and may weaken versus the yen on speculation U.S. officials will allow a prolonged slide into 2005, according to a survey by Bloomberg News of 58 traders and strategists from Tokyo to New York." bloomberg
Dollar Heads for Worst Quarter Versus Euro in More Than 2 Years
"The dollar is heading for the biggest quarterly decline against the euro in more than two years and may weaken versus the yen on speculation U.S. officials will allow a prolonged slide into 2005, according to a survey by Bloomberg News of 58 traders and strategists from Tokyo to New York." bloomberg

0 Comments:
Post a Comment
<< Sustainable Business News