The U.S Dollar is thinking whether to Rise or go down?

**intelligent** Tue Dec 19, 2006 2:21 am

The U.S Dollar is thinking whether to Rise or go down?
I heard that the U.S dollar was climbing up. So I thought, since the U.S dollar is on a hike, why not invest some money on it, and see what happens and to my surprise I earned some profits. With that profit I went for some merry Christmas shopping.

So friends, yesterday the dollar rose 0.4% against the sterling and 0.1% against the Euro. Like me, many investors enjoyed the profits on the U.S dollar.

But that happiness did not remain for long . Because----Click here

**patanx** Tue Dec 19, 2006 2:39 pm

The dollar will drop against the euro through the end of this month as a slump in housing will slow the U.S. economy.

The U.S. currency dropped from a 3 week high yesterday after a report showed confidence among U.S. homebuilders deteriorated in December, leading traders to increase bets the Federal Reserve will cut interest rates next year.

The dollar was at $1.3097 per euro, the strongest since Nov. 24. It reached a 20-month low of $1.3367 per euro on Dec. 4... Therefore I bet the Fed's next move would be to cut rates before April.

Statistics today will show U.S. housing starts slowed last month, disappointing investors expecting a rebound from a 6 year low.

As many traders I expect the housing starts to stabilize, but I believe that is unlikely to be the case. I'm very bearish on the U.S. economy.

I would say the thing to do now is to sell dollar and start getting some euros, cause latest news are saying OPEC members are going to trade Oil per Euros and then the Dollar is really going to sink... you'll se...

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