Testing time for dollar The US dollar is heading for a precipitous fall against the major currencies, namely the yen and the euro. Since 2002, the dollar has fallen 23.6% in nominal terms and 21.4% in real terms...
The broad-based dollar weakness is a reflection of investors’ growing pessimism that the US economy is sinking into a deep recession and that the financial market remains under considerable stress...
The drastic fall in the dollar, a severe economic contraction, sharp stock market correction and loss of investor confidence in the dollar would push the world economy to the edge of a deep recession...
No comments:
Post a Comment