[J. Abizeid]

Originally Posted by yaroushka

No need to watch action movies nore go to the theatre for entertainment after having followed the ups and downs of the dollar vs euro the past two weeks.........
Can anyone attempt to forecast what might happen the next month?? I urgently need some highlights here, as I am completely lost!

Forex Players Look to Stabilization - MarketWatch Video
The euro will beat its own record of $1.60 first quarter of 2009, like it always does.
I wouldn’t be surprised to see it reach $1.85 by the end of 2009.
Europe except for Britain will get out of its recession in the next few months while the US will be going through a deep depression during 2009 and 2010. That’s exactly what Obama means when he says: we will have to do lots of sacrifices before we recover.
Bankrupt economies cannot afford strong currencies.
Take Japan for example, they are in a recession but they have the money to bail themselves out. The US is bankrupt. It needs to either borrow or print more dollars for its bailouts next year. Either way, the dollar pays the price.