Will the euro exchange rate go up or down????

Question

What do you think?

Answer 1

one of the two.

Answer 2

I think euro will go up maybe get to 1.60 first resistance if it fails to go higher than that euro will fall hard but i dont see that happening in this current market conditions so i m bullish for euro for now we might see 1.70 or higher

Answer 3

I think the euro will continue to strengthen against the dollar ... for the short term.  Long term?  Hard to say.  The US must figure out the credit/banking mess and get a plan of action.  That alone will strengthen the dollar.  The euro is going to suffer with the rising inflation on the continent.  Investors will flee a weakening euro and go for a currency that is showing strength.

I hope the US gets a plan of action together in the next few weeks.  The dollar will strengthen on that news.  Will the feds raise the interest rates soon?  I don't think so, but depending on conditions in early 2009, they may.

Hope this helps!

Uppity Wench

Answer 4

Since the start of the year, the Euro has been sideways. There seems to be a concerted effort to stabilize exchange rates across continents.

At the moment, the euro is trading near this year's high, but showing bias towards the downside. I do not see any fundamental reason for a breakout from the current range in the coming months.

Hope this helps.

- Jim http://jsforex.blogspot.com