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