Dollar could fall to new depths against the euro
Agencies
Published: March 30, 2008, 00:55
Dubai: The dollar has suffered sharp falls this year as investors still hold overweight positions that could force the greenback to new depths against the euro as they scramble to sell.
The US economy has been battered by a collapse in the housing market and a banking sector severely troubled by the credit crunch, prompting fears of a full-blown recession.
Meanwhile the European Commission has expressed concern that the euro's rise added to strengthening headwinds facing the eurozone. The euro hit all-time highs at just above $1.59 on March 17. it has since weakened, but points towards a rise again.
From :
http://archive.gulfnews.com/articles/08/03/30/10201528.html
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1 comment:
Dollar is falling now and then , so nowadays people thinks that it might fall more and more.
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