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What is the reason for dollar appreciation inspite of the fact that US economy is going down?
By Rose | June 20, 2008
Sachin V asked:
I want understand as how come US dollar value is increasing these days inspite of the fact that US economy is going down and credit crisis has really impacted its financial status.
Denley
I want understand as how come US dollar value is increasing these days inspite of the fact that US economy is going down and credit crisis has really impacted its financial status.
Denley
Topics: US Economy | 3 Comments »
June 23rd, 2008 at 3:36 pm
dead cat bounce
June 23rd, 2008 at 11:53 pm
Our exports are increasing and import decreasing since the dollar fell in value, and the cheap dollar also is making investment here look like a bargain if you have Euros or pounds. Also many other countries are doing even worse.
June 26th, 2008 at 3:54 pm
that means the next round depreciation is coming soon. The US dollars should not be strong anymore with the recent worsening financial markets.