Hey!!!! Dollar is up

The U.S dollar’s position was not fine from past many days. It has been fluctuating on a negative side. Many people and especially the people who were related with the U.S dollar were worried and were wishing & waiting for the U.S Dollar to go up. And at-last their wish yielded a fruit. The U.S
dollar took a good dive and went up yesterday making all the people exuberant. After many days in slope, the U.S dollar went up. And the credit goes to the manufacturing data which showed a positive approach and made the U.S dollar to a hard-land in the world’s largest economy. There has been tremendous growth and stabilization in housing data and auto sectors from December ’06 when compared to Nov’06. It is expected that this stabilization at this point of time may put an end to the U.S slow-down.

All's Well That Ends Well, so the dollar rose 0.8% high against the Euro, 1.1% against the Sterling. And it also rose 0.7% against the Yen making it a record of two-month high.

Wishing that this hike will be stable!!! Let’s see