| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
News
U.S. economy is in recession
Forex Forecasts and Commentaries by World-Signals.com
The crisis in the U.S. continues, as many investors do not see the bottom. The dollar stopped to lose against the euro since April 2008. After that the trading remain in the levels of 1.5280 and 1.5850. Since April is discussing whether the bottom is reached and when Fed will start to raise the interest rates due too the high inflation cause by the record energy prices. After the crash of U.S. Housing sector the crisis there spread over the rest economic sectors. We can say that the U.S. economy is in recession said George Marshal forex analyzer in World-Signals.com. The billionaire investor Eli Broad even goes further and said that the U.S. economy is the "worst period", as the housing market recovery remain in "several years" away. In near term World-Signals.com predict that the EURUSD trading will back at the levels above 1.60, as is possible levels of 1.65-1.68.
Market Moving News: EUR/USD - Sep 5 Today 12:42 AM EST- Market Moving News: USD/JPY - Sep 5 Today 12:35 AM EST
- Dollar rallies versus the euro after ECB cut growth rate in eurozone - Sep 4 Sep 04, 2008 5:19PM
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- World-Signals.com Forex analyses for the coming business week Jun 22, 2008 2:00PM
- Housing report fears hold the dollar gains Jun 17, 2008 1:40AM
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