USA in dilemma?
posted by leesi riro on Tuesday, June 22, 2010
Most of the countries are trying now a days to depreciate their currency to attract more business and fund flow.Even Japan too publicity expressed some concern about their economy to give an indirect push to weaken their currency.But on the other hand US look in deep trouble now.Even if they give negative comments about their country the result is more appreciation of their dollar against other currencies.Before Few months back they And tried to give good picture about their economy.
This strong dollar is going to back fire them soon, and finally we can expect some negative news one by one from US?
Still personally feel the nifty moving towards 5180-5120 level and rupee towards 6.225.
Traders and money sender better keep a wait and watch policy?