I reckon that it's a good time to buy Dollars...
I reckon that it's a good time to buy Dollars...
Author
Discussion

srebbe64

Original Poster:

13,021 posts

260 months

Wednesday 3rd January 2007
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...my instincts aren't always right! It's bordering on 2 to 1 and I can't help thinking "that's as good as it gets". Am I wrong or right?

micky g

1,572 posts

258 months

Wednesday 3rd January 2007
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I think right.............


but only time will tell

benyeats

12,120 posts

253 months

Wednesday 3rd January 2007
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Depends on your timeframe. Looking forwards I don't see a bright future for the dollar, it is currently largely propped up by an artificially low Chinese Yaun and the fact that oil is largely traded in dollars. Lots of pressure from Russia in particular to move oil trading into Euros, and no reason for the middle eastern producers not to take the opportunity to annoy the yanks.

Should end now by saying I am an electronics engineer and not a currency trader so feel free to ignore my ramblings. Also on a personal level I would like to be wrong as 2:1 does not make selling to the US any easier.

Ben

BrianTheYank

7,585 posts

273 months

Wednesday 3rd January 2007
quotequote all
the dollar blows