Dollar under Genuine Pressure

On Friday 24^th Nov, 2006 the global markets were moved when they saw the U.S dollar in real pressure. The U.S dollar has again slipped from its price. Since the dollar declined, the fellow investors were trying to protect themselves from any possible loss.

The rate of dollar has fallen more in this year when compared with Euro and Sterling. An analyst from Citigroup stated hat the economic data will remain soft, but the dollar will continue to fall. Since, there is drastic decline in U.S dollar, the Asian foreign exchange reserves were at risk.

Sufferers from U.S dollar fall-out

Stock markets suffered when the U.S dollar had a spat with the exporters. And Equities markets in Europe and Asia also suffered.
But on the other side, the commodities market was tracked higher.

In my opinion the U.S dollar will gain its stability after some days. But for the present 3-4 days the dollar market in U.S will remain is it is now.