Dollar May Fall
4 January 2007
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With the current economic situation in the usa and more economic analysts expecting the feds to start reducing interest rates it may not be a surprise that the usd dollar continues falling this year. Donald Trump is one of those who seem very keen in not supporting further interest rates hikes and the present high foreclosure rates might make the feds see the light that something is not very right with the economy.
“The Institute for Supply Management will probably say U.S. manufacturing didn’t expand last month, after contracting for the first time since April 2003. The survey may show a reading of 50, the dividing line between expansion and contraction, for December, compared with 49.5 in November, according to a Bloomberg News survey of economists.
“If you see a weak ISM that could push the dollar lower,” said Daniel Katzive, a currency strategist at UBS Securities LLC in Stamford, Connecticut. ”
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