The clever investors start to accumulate dollars again.
The world biggest economy succeeds to narrow the trade deficit. The low U.S. Dollar help to the exporters and that cause the low U.S. trade deficit. The low level of the dollar causes the effect by the narrow trade deficit. The Bush administration will continue to hold the dollar at very low levels till the end of Bush as president. The Federal Reserve is ready to cut the interest rates again on December 11th 2007 with quarter a percent but the forecast in World-Signals.com is for new aggressive interest rates cut in 2008 down to 3.50%-3.75%. After that the U.S. economy will start to overtake the crisis while Europe and the rest world will come into deep recession. Some of the investors are already in process of accumulating dollars in a very long-term trading process while in 2008 the dollar will start to gain. Till then the EURUSD will continue with target of 1.50 even to 1.55 while the pound should break 2.18 against the dollar.
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