Sterling has dramatically fallen against the Dollar to a two-month low on the currency market. With the ongoing problems in the Euro zone and risk-averse investors flocking to the safe haven of the USD will this run continue?
With Greece acting as a catalyst for the problems in the Euro zone the Dollar is slowly strengthening as investors skip other currencies. The news will be welcomed by Incumbent President Barack Obama and his reelection campaign as he has so far failed to deliver on his number one promise: a strong economy. With the G8 summit underway in Camp David it is likely that Obama will point the finger at the Euro zone and EU leaders as to the Single Currencies role in the downturn of the global economy. In my own personal opinion it seems like the right thing to do but is nonetheless a convenient method of taking the limelight as to the recurring domestic problems in the US following the global recession and credit crisis. With the Dollar being driven by the declining confidence in EU markets its a good time to be focusing on the global economy.
With some analysts predicting a move on the USD back to the 1.50 mark it certainly pays to stay in touch with us here at FCD. Please feel free to email me on firstname.lastname@example.org if you have any Dollar requirements. Buying opportunities could well get worse so make sure you speak to your currency broker or sign up for a account or free quote or at no cost or obligation. Likewise with the best selling opportunities in just over 2 months please feel free to give us a call on 0800 328 5884 to discuss your needs further.