Euro driving home the Currency Market

The Euro which is in strong position in the currency market from many days is becoming the most strongest. The Euro zone interest rates at present are high and on account of their currency’s steadiness, the interest rates will be raised soon.

A currency researcher in New-York said that the Euro is making a big journey in the Asian Currencies Market and is expected to continue its journey for the next year too. Plus Sterling is also doing well in the Asian currency market.

The Euro braced up itself against the U.S Dollar and the Japanese Yen on Tuesday. The Euro increased by 0.6% against the dollar, and 0.5% against the Yen.

Though the dollar recovered itself from some losses by making some sharp retail sales but it couldn’t stand-by. Very soon it started to decline and is still continuing.

Let’s hope that this New Year will bring a New and Escalating look to the U.S dollar!!!!