Dollar Looses its Attention

From the past few weeks, the U.S dollar has been focused by many markets as it was declining day by day. But now since, the European Central Bank has increased the interest to 3.5%, in this manner the Euro has made a big way. And now every other market is interested to catch news about the Euro, even, the foreign exchange market and as well the media is highlighting and focusing on the strong Euro.

It seems that the thanksgiving holiday which is boon to many people in the U.S has become a bane for the U.S currency market. From that holiday, the dollar is not doing well in the U.S currency market.

The dollar has fallen down to by 2.7% against the Euro from this holiday. On the whole in this year, the Euro has risen 12.8 per cent against the dollar, 10 per cent against the yen and 5.2 per cent on a trade-weighted basis, according to ECB figures.

The Euro is enjoying its raise against other currencies at present. Let’s see how the currency markets will be at the end of this year?