Many of you traders are probabely thinking how much further is the dollar going to go....well I can tell you that although it seems that the Sterling and the Euro are currently oversold - once has to ask himself has fair market value of these pairs been reached. Is there any fundamental reason why EUR and the Sterling should be any stronger than the USD??
On the contrary the US economy seems to be in a stronger position then any of the European economies despite the fact that analysts are expecting US GDP to contract for 3 consecutive quaters. it is also widely believed that the US economy will be the first one to recover just as it was the first one to encounter major pitfalls.
So keep your eyes on the Greenback as the recent rally may have just been a warmup for the dollar bulls.
On the contrary the US economy seems to be in a stronger position then any of the European economies despite the fact that analysts are expecting US GDP to contract for 3 consecutive quaters. it is also widely believed that the US economy will be the first one to recover just as it was the first one to encounter major pitfalls.
So keep your eyes on the Greenback as the recent rally may have just been a warmup for the dollar bulls.
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