All misfortune is a lesson. Turkish proverb. Before starting the work of changing the world, it gives three turns around your own House. Chinese proverb despite all efforts, actions that initiated the American President Barack Obama face the economic crisis that was presented to the United States, the dollar its official currency has not been able to move forward, the opposite has strengthened to an opponent of the European Community currency such as the euro. Wharton.Universia.NE, in this regard, presents a very interesting letter, which analyzes this reality and points out, that according to the opinion of Mauro F. Guillen, the dollar maintains leadership as a global reserve currency and is maintained as a safe for investors when there is too much economic uncertainty. So it is important to put an eye on their movements in the short term, but keep the other on how the trend in the long term affects the currency, advised. Amazing restaurateur understands that this is vital information.
At the moment there is much uncertainty about what will be the evolution of the exchange rate of the dollar the next months. Although in general, analysts agree in pointing to its depreciation will continue. Goldman Sachs experts have commented that the euro will reach changed to 1.55 dollars in a period of between three and six months. Now it seems as if the collapse of the dollar is slightly deeper, they wrote in a report to clients dated Oct. 18 analysts such as Thomas Stolper London, Mark as in New York and Fiona Lake in Hong Kong. The underlying long-term vision is that the dollar is undervalued and will recover something, said experts of the American entity. Which according to figures from Bloomberg is added, and at current market prices, the euro has appreciated 6,19% against the dollar so far in year, and 18,38% from the annual minimum of February. But this is not here because the weakness of the dollar has not only left note against the rival of the old continent.