What will happen to the dollar exchange rate against the euro?
We anticipated that in September the players in the currency market wouldnt expect interest rates cuts in the Euro-zone and a fall in oil prices, so the Euro would cost over $1.45. But we underestimated brokers sentiments during the crisis the month ended with the euro costing $1.4. Regardless of the fact that the world complained about the U.S. mortgage crisis, the dollar was quite strong. It is because the mortgage crisis in other countries was no less hard than that in the United States, and it would have been surprising if the currencies of these countries (including the common currency of the Euro-zone) had begun to grow in price steadily. The U.S. state bonds appeared the most profitable and safe financial tool under the circumstances of the global mess. Investing in oil and gold didnt seem reliable enough: no one knew how prices would behave. Besides, European financial institutes cut mutual crediting. On the contrary, to demonstrate reliability at the times of the crisis, they
