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The dollar is gaining some ground again this week. After flirting with $1.5 per EUR the currency exchange is now heading up again to $1.45 and higher. Currently 1EUR is worth about $1.45 and I just read that ING analysts expect the dollar will rise to $1.38 per EUR this year on lower US trade deficits, optimism about the Fed’s policy and appreciating Asian currencies.

eur_dollar_exchange_feb08.jpg

Generally I don’t really trust what analysts say but I hope they’re right. Most of my income is earned in US dollars and the currency exchange is really hurting me.

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1 Comment »

Comment by goalcentre.com
2008-02-14 19:16:34
MyAvatars 0.2

But the economy in USA is not that good. Subprime Crisis is the main problem. Recession? Maybe! 😥

 
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