Search This Blog

Tuesday, June 8, 2010

US Dollar is strong

US Dollar is getting stronger as compared to other foreign currencies. I believe that this trend will keep on going for a while till Europe's position is cleared. Once that happens then US Dollar will depreciate a bit, but still keep strong as world has a belief in USD. This is good and bad. Good in the sense that people have more confidence in USD and more and more investment will be done in USD. Bad in the sense lesser US exports keeping a misbalance in Import and export. More imports and less exports is not good for economy.


What is your take on this issue?

No comments:

Post a Comment