This weekend the U.S dollar again slipped agitating financial markets and pushing the Euro and sterling strongly higher. The pound touched its highest level for 14 years against a beaten-up greenback while the Euro hit a series of 20-month peaks.
The U.S. dollar fell as low as $1.9847 against the sterling and to $1.3348 against the Euro last week before steadying. Over the week, the dollar lost 1.7 per cent against the Euro to $1.3322 and more than 2 per cent against sterling to $1.9798.
During the past two weeks, the U.S dollar has dropped 4 per cent against the Euro and 4.5 per cent against the sterling. The past two weeks’ fall have extended the dollar’s slide this year to about per cent against the Euro and 15 per cent against the pound.
Yielding to the risks to the dollar, the investors in US fixed income may want to consider broad and diversified exposure to non-dollar currencies.
If U.S dollar doesn’t fight back, then the U.S economy has to suffer a great loss. In my opinion, if the U.S dollar continues to fall, then there may be deficit in the economy
The U.S. dollar fell as low as $1.9847 against the sterling and to $1.3348 against the Euro last week before steadying. Over the week, the dollar lost 1.7 per cent against the Euro to $1.3322 and more than 2 per cent against sterling to $1.9798.
During the past two weeks, the U.S dollar has dropped 4 per cent against the Euro and 4.5 per cent against the sterling. The past two weeks’ fall have extended the dollar’s slide this year to about per cent against the Euro and 15 per cent against the pound.
Yielding to the risks to the dollar, the investors in US fixed income may want to consider broad and diversified exposure to non-dollar currencies.
If U.S dollar doesn’t fight back, then the U.S economy has to suffer a great loss. In my opinion, if the U.S dollar continues to fall, then there may be deficit in the economy
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