Shock News!!! No One Can Figure Out Currency Values!!!

suyts space

image

Heh, I thought this hysterically funny.

The article is about how some US companies are poised to blame the value of the dollar for their lack of earnings. 

Apparently, the world is expecting the US dollar to strengthen in the coming days.

Most economists are forecasting the greenback will strengthen this year, with a Reuters poll released August 9 forecasting the euro will fall to $1.260 in six months. As of Friday, the euro was at $1.333. The dollar is expected to rise to 104 yen six months from now; it is currently at 97.59 yen.

Even though the dollar has shown a lot of volatility, it hasn’t gained much this year, weakening recently against the euro, yen and pound. The U.S. dollar index <.DXY> is down 2.2 percent so far in the third quarter, and it is up just 2 percent since the start of the year.

The problem…

View original post 281 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s