Forex
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08-01-2008, 11:49 PM
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Recent U.S. dollar trends
It’s no secret that the 21st century has not been kind to the U.S.
currency. The end of 2007 and the beginning of 2008 saw the dollar sink to record lows against the euro, Swiss franc and the Canadian dollar. And the dollar hardly performed any better against the Australian dollar, New Zealand dollar or the pound. Though there seem to be many reasons to turn your back to the U.S. dollar, typically all trends come to an end. Cheap credit, economic stimulus, lower trade and budget deficits, and oversold conditions could very well pull the dollar out of its weak market condition. Let’s now take a look at what has influenced the dollar’s current weak condition, and what currencies have surged in value in recent years.      
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