Friday, February 1, 2008

US Dollar Outlook

Hi Traders

As for the US Dollar we are still heading for further decline.

- Lower interest rates means weaker currency

- Economy falling into recession means weaker currency

- Unresolved war issues in Iraq, Iran and now possibly Pakistan means weaker currency

- Federal deficits and money printing mean weaker currency

- Uncertainty of potential President means weaker currency

See for yourself the Falling Dollar since 2002 in this chart study.

Regards
Forex.DelijaWorld

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