Will the dollers rate increase?

Question

Will the dollers rate increase?

Answer 1

The dollar remained steady on Wednesday after losing its 7-month peak to the rise in oil and commodities. This rise affected investors' sentiment towards the dollar, emphasizing its vulnerable state, which was damaged even further due to concerns about the U.S. financial sector. Investors' belief that the global economy will endure the current financial crisis in the U.S. has helped support the dollar vs. the euro and other major currencies.