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.

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.