Euro vs Dollar

On Thursday the euro closed in on 1.41 dollars!

(To be precise: 1.4090 dollars.)

That’s more than the previous record for the European currency, that’s because of the cuts in the interest rates in the US. In the US the interest rates stand at 4.75 percent now while in the Eurozone the rates are at 4.0 percent. This reduction in interest rates makes it much interesting to invest in the Euro in comparison with all the other currencies!

The dollar became cheaper for investors using other currencies that causes much fear about inflation fuelled by record oil prices.

Over the next few months the believe that the markets will start to speculate that US interest rates will actually fall below those in the Eurozone
Analysts forecast that the Dollar will lose more in 2008, some suggesting the euro could rise to 1.50 dollars.

And what is also new after 27 years: the price of gold is surged, striking 738.60 dollars to reach its highest level.

Like I just said the Euro is increases at 1.4090 dollars, but also the other currencies decreases in comparison with the yen (162.01), the pounds (0.6975) and the Swiss francs (1.6528).

(Keep in mind that all this values are those at this particular moment, and when you read this it can be modified!)

So this means that we will receive much more investors from other countries in the future, we’ll see what that will bring us!

Source

(Jonas)