Just a Talk and USD is down against Euro. The talk that Federal Reserve would be cutting the interest rate added woes to the dollar. The U.S.D is down against the euro which has been trading about two U.S. cents off and indicating its all-time high. The U.S debacle session is still continuing because there is a slump in the housing market in United States.
The home sales have decreased steeply than anticipated. Adding to woes, the anticipation by the National Association of Realtors i
n U.S expect that the home-sales may be 10.8 percent below than last year. Forecast estimated that there is some 1.3% drop in the existing home sales, a slight improvement, but overall the housing market is still in slump mood.
but there is something good too.... On the other hand the Yen which is back into carry trade fashion has become an advantage to the U.S currency market. The dollar which rose very slightly purchased Yen at 117.29.
But the USD is in an unhealthy condition against the Euro and even against INR too. Indian Currency is becoming strong against the dollar. The current rate of 1 USD = 39 INR. Previously it used to be 45 INR.
I think the one solution where USD can be back in action is only when the housing market is again in boom.
Lets hope something best for USD.
The home sales have decreased steeply than anticipated. Adding to woes, the anticipation by the National Association of Realtors i
n U.S expect that the home-sales may be 10.8 percent below than last year. Forecast estimated that there is some 1.3% drop in the existing home sales, a slight improvement, but overall the housing market is still in slump mood.but there is something good too.... On the other hand the Yen which is back into carry trade fashion has become an advantage to the U.S currency market. The dollar which rose very slightly purchased Yen at 117.29.
But the USD is in an unhealthy condition against the Euro and even against INR too. Indian Currency is becoming strong against the dollar. The current rate of 1 USD = 39 INR. Previously it used to be 45 INR.
I think the one solution where USD can be back in action is only when the housing market is again in boom.
Lets hope something best for USD.
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