The U.S dollar going on a Hike

**intelligent** Fri Dec 15, 2006 2:22 am

The U.S dollar going on a Hike
At a point of time, I thought that dollar may not recover this year since there was some continuous decline in the U.S currency market. But my expectation had a sad end and I’m happy for such a good come-back that the U.S dollar has made. Lets know something more about the U.S dollar's come back--Click here please

**patanx** Mon Dec 18, 2006 2:49 pm

The dollar fell against the yen and euro as a report showed the U.S. current-account deficit widened to a record last quarter.

The U.S. currency slid on concern the deficit in the broadest measure of international trade means the country is increasing dollar sales to pay for imports and needs to lure more money from abroad to fund the gap.

The dollar dropped to 117.89 yen, from 118.17 late on Dec. 15. It weakened to $1.3111 per euro from $1.3080.

The U.S. current-account deficit widened to $225.6 billion from $217.1 billion in the second quarter.

So don't count on the Dollar, cause as far as I know you can start selling as much as you have on you. Start buying Euros... and if you want to know more about what's happening with the currency, you can visit Market Activities & Views and take a look at the articles...

**intelligent** Tue Dec 19, 2006 2:19 am

Yeah, the U.S dollar recovered but later on again it is declining. The current deficit is also set a record.

Don't know whether the Christmas fiesta will have some impact on the U.S dollar? Do the sales rise up? If retail sales go-up, then the U.S dollar may cope-up.

Let's see---

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