The dollar was strongly supported by European Central Bank council member Yves Mersch who said that ECB should exercise caution as risks to economic growth mount, prompting investors to bet the ECB is shifting its stance toward a cut in interest rates. The crisis in the US housing sector and the fears for expecting recession should come into EU warn ECB. If the leading economic in the world come into recession the chances for recession and serious economic crisis in EU are more than 50% said Peter Mill expert in World-Signals.com. ECB have to think earlier with the interest rates politic and instead to raise the interest rates to think for eventually cut and balancing between the inflation and the expecting problems in the Euro Zone.
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