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 Trend of EUR/ USD
 
 2/6/2007 9:15:08 AM
User is offlineshaun
4 posts


Trend of EUR/ USD
In recent time USD has shown a declining trend against EUR. Many analysts predict that trend may persist in current year too. Why is that Euro is dominating over US Dollar in the Forex market?
 2/6/2007 10:15:04 AM
User is offlinechris
5 posts


Re: Trend of EUR/ USD
The generation of the common currency in EU in 1999 has led to the growth of a more versatile market, getting stabilized by a growing Euro zone.

That’s why people throughout the world have shown more interest towards the Euro rather than USD. And, more recently, the trend among some Asian and Middle Eastern countries to diversify their assets away from the dollar has further boosted this trend. While crossing the 1.9850 - I think the pair is moving towards 2.0000. Of course the weekend uprisings persist.
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