The U.S Dollar is thinking whether to Rise or go down?

The dollar will drop against the euro through the end of this month as a slump in housing will slow the U.S. economy. The U.S. currency dropped from a 3 week high yesterday after a report showed confidence among U.S. homebuilders deteriorated in December, leading traders to increase bets the Federal Reserve will cut interest rates next year. The dollar was at $1.3097 per euro, the strongest since Nov. 24. It reached a 20-month low of $1.3367 per euro on Dec. 4... Therefore I bet the Fed's next move would be to cut rates before April. Statistics today will show U.S. housing starts slowed last month, disappointing investors expecting a rebound from a 6 year low. As many traders I expect the housing starts to stabilize, but I believe that is unlikely to be the case. I'm very bearish on the U.S. economy. I would say the thing to do now is to sell dollar and start getting some euros, cause latest news are saying OPEC members are going to trade Oil per Euros and then the Dollar is really going to sink... you'll se... If you want to get some more information about currencies and how to make a profit out of recent data, you can visit Gnutrade.com , it only takes to register and then you can access a cool forum and a trading system with a one-of-a-kind system. Hope it does the trick for u!! Cheers!!

from my personal knowledge, the value of USD has already been declining for some time already and i guess it should be time when it will start to pick up again. Maybe not till what it was, but should be slowly climbing, steadily.

Decrease of dollar is not at all desirablea as it is the world currency so we should all be praying for increase in dollar

Nice work,but how did you invest the money on internet?? by forex treading??

i think it will be going down and down until beaten by other currencies.

Well in the future the Euro seems to be the stronger currency to me. Dollar has lost its edge. Now many countries have converted their foreign reserves partially in Euros. Its a good thing in one way. American monoply should end.

Not a good time to invest any money in it, you will lose alot before you gain any, seems you were very lucky. The dollar has been reclining for many months now, which is a pain as I get paid in dollars from alot of jobs, which is squeezing me out from being competitive in the American market because I'll only earn £30 from $60. So I have alot of dollars hanging around waiting to be exhanged when they're 'worthy'.

I agree that it will go down.

it will not rise

Before this reply to you I gave reply to discussion Bush & America should mind their own bussines & I replied as president he is doing right although not good for world community, as all economist are saying $ can go down & other way trying to say that America will control on all petrolium of world & sale on his terms, so why this is doing & disturbing Arebian countries, if this happen how $ can go down?

its a verygood idea to invest on us dollars, as america is the worlds biggest economy now there is a great chance for a gain

yeah it is very unstable

I think it will go down and it shouldnt.

the us dollar has really gone down. even in thrid world countries, the dollar isn's as strong as they used to be. i am goin abroad by the end of this month. to where i am going, the dollar has continually sank in value since last month.

The national debt of america is around 6% of the BNP. I believe. It's big. The euro is on the rise (Not to my amusement since i must transfer the dollars of myLot and other sites to euros. A painfull proces nowadays). The dollar will be dropping against the euro, because the policy of the european community is economic based. If our economy needs help (so drop the loan rating). The european bank will not cooperate. So europe has gone through an economic recession, which lasted 3 to 4 years. Workpays stayed a 0% in a lot of european countries. So labor has become cheaper. This will pay off, in the next year.

thanks for information ,though against me cause i exchanged euro versus dollar

i think it will go down.

The U.S. dollars is dropping thats why im buying Euro right now. so i can save alot. compare dollars in the past than today. its declining alot. sooooo buy euro support Euro

One thing is for sure? Europeans having a cheap hollyday in the United States.

A lower dollar is not great for U.S and for the partners. It makes their goods more expensive in the U.S., and makes their U.S. bonds less valuable, it is overdue and everyone knows it. Even though they know this and for the above reasons, they do not welcome a lower dollar.