Dollar’s Fall -Off Still Continues !!!!!!

U.S dollar is still continuing to be under real pressure. It continued to fall on Monday (27th Nov) too. Dollar continued to hit a 20-month low against the euro and a two-year low against the pound. The downfall initially continued where it left off last week, sliding heavily in Asian trade markets. This continuing decline in dollar is affecting many markets as well. The U.S. and European markets were also affected. In addition to that, the U.S. treasuries were also one of the major sufferers.

But on the other hand, the commodity market is rising sharply and especially gold is at top. A strategist from HSBC stated that since the dollar is declining, so also the U.S growth is also declining. But soon it will recover.

The European equity markets were hit hard by the fall-out of dollar value. The FTSE Euro first 300 tumbled 1.5 per cent to 1,429.00, its biggest one day drop since June. The weaker dollar made the fellow investors to re-think against the probability of loss.


In my opinion, though there is some sudden decline in U.S. dollar affecting many markets, but soon it will regain its position in the global markets.