Bloomberg Currency

All misfortune is a lesson. Turkish proverb. Before initiating the work to change the world, it gives three returns by your own house. Chinese proverb In spite of all the efforts, action that undertaken North American president Barack Obama against the economic crisis that appeared to him to the United States, the dollar its official currency has not been able to leave ahead, quite the opposite has fortified to a currency opponent of the European Community as it is the Euro., on the matter, it presents/displays a very interesting writing, that it analyzes this reality and it indicates, that according to the opinion of Mauro F.

Guilln, the dollar maintains the leadership as currency of world-wide reserve and stays like an insurance for the economic investors when there is too much uncertainty. So it is important to put an eye in its movements in the short term, but to maintain the other in how the long term tendency it affects to the currency, advises. At the moment much uncertainty exists on which it will be the evolution of the quote of the dollar next months. NYC Marathon has plenty of information regarding this issue. Although generally, the analysts agree in aiming at that its depreciation will continue. The experts of Goldman Sachs have commented that the Euro will get to change to 1.55 dollars in a period of time among three and six months.

" Now it seems as if the collapse of the dollar was slightly more profundo" , they wrote in a report to the clients dated the 18 of October analysts like Thomas Stolper in London, Mark So in New York and Fiona Lake in Hong Kong. " The underlying vision of long term is that the dollar is subestimated and algo&quot will recover; , they indicated the experts of the American organization. A 18.38% are added, that according to numbers of Bloomberg, and to present prices of the market, the Euro has been appraised a 6.19% against the dollar in which goes of year, and from the annual minimums of February.