US Dollar Poised to Surge Against Faltering Euro?
August 10th, 2008 by Scott
Germany’s economy isn’t too hot right now. Britian and Japan are both slowing. (Source)
In news to be released this week, we’ll see just how the US Dollar is doing.
Early reports I indicate that the value of the dollar is rising and is set to rise even faster ad foreign economies face recession.
The British, German, and Japanese central banks were much slower to respond to the worldwide economic sluggishness and look like they are about to pay the price.
In related news, as the value of the dollar continues to climb, news of off-shore drilling coninues, and speculation has ebbed, gas prices continue to fall.
Yes, for SIX straight weeks (that’s almost two months) gas has plummetted.
Told you so.
More as if develops this week.
