USD / Общества / Българи извън България / Българи в чужбина

е да, ама пък те да земат и да девалвират долара, гадовете .... или това също е планирана от тебе закономерност, включена в дългосрочня ти план за отговорно въздействие върху събитията около тебе

Last week was a particularly miserable week for the greenback as it lost significant ground all across the board and it slipped to another new all time low against the EUR. The dollar weakness was mainly being driven by the Fed interest rate cut and by the uncertainty surrounding the US economy. The main concern at the moment surrounding the U.S economy is that rising oil prices and falling home values will inevitably lead to a recession. Therefore, the Fed lowered its key interest rate by 0.25% in order to stave off this scenario. However a continued policy of monetary expansion by the Fed will revive inflationary concerns, so at the moment the greenback seems to be finely balanced on a double edged sword. The negative sentiment surrounding the greenback was so strong last week that even a significant upside surprise by the Non-farm Payrolls report on Friday was unable to provide the fledgling U.S currency with some reprieve. The strong NFP report was overshadowed by fears of huge losses at major U.S financial institutions.

Today the most significant news to be released from the U.S will be the ISM Non-Manufacturing Index, which measures the activity level of purchasing managers in the services sector. This figure is expected to release slightly lower than last month's figure of 54.8 at 54.0. Looking ahead, traders will be paying close attention to Fed Chairman Bernanke's speech later on in the week for any hints on future monetary policy. Also on Friday there will be the release of the U.S Consumer Sentiment figure and the Trade Balance, which will also be closely followed by investors. There is a strong possibility that the Trade Balance figure may surprise on the upside, as the weak greenback has boosted U.S exports. However with the U.S economy still reeling from the subprime mortgage crisis and with major U.S financial institutions in turmoil, it seems that the dollar will continue to stare down the barrel and that a sharp bullish reversal is highly unlikely. Nevertheless, investors may not be keen to keep shorting the greenback at such record low levels.