Thursday, December 6, 2007
Dollar under Real Pressure
The U.S dollar is under real pressure these days. The dollar value is under going a deflation stage. The Asian currency is taking full advantage of this serious situation. The economy rate in US is decreasing and taking fuel to the problem the US sub-prime market is also sloping towards down. The downfall in the housing market and in the currency market has led the investors in U.S to rethink on their decisions. One US dollar is now equal to 39 Indian Rupee. It is expected that the dollar may fall in the near future and hollidaying in New york would be much cheaper than holidaying in Malyasia.
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