The strongest dollar growth since 1981
July 2nd, 2009, Thursday, 08:00
Dollar had recorded the strongest growth since 1981 and will appreciate by 17% until the end of the year. Analyst’s opinions are divided regarding the evolution of the dollar in relation to the euro until the end of the year, but most see an appreciation of the U.S.
U.S. economy return will be behind the currency increase. Dollar will appreciate by almost 17% against the euro in the second half of the year; provide analysts, who predicted with greater accuracy the evolution of the U.S. so far in this year.
The dollar advance will be in terms in which the United States will recover from the recession more quickly than Europe, according to Bloomberg. Analysts at CIBC World Markets, Deutsche Bank, Bank of America and Wells Fargo estimate that U.S. currency will appreciate over 4% until December 31, after May ended with the most pronounced decline of three months of 2002.
At the beginning of this year, the strategies of these institutions have estimates for the second quarter with a euro or two differences from the value of $ 1.4056 / euro recorded at closing session of trading on June 26.
Dollar appreciated to 1.4043 units at $ 1.4056 on June 26 in New York, after Chinese officials have said that the U.S. will continue to dominate world trade and that they will not modify the structure of foreign reserves yet.
China has previously supported the idea of creating a new international currency to replace dollar in foreign reserves.
