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Andre M - EzineArticles.com Expert Author
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- Managed Forex Accounts - EUR-USD Outlook 2008, 1 of 3
[Investing] The US dollar was the big story in 2007 - if you were selling it. Compared to 2001, the value of the dollar has gone down by 40 percent against the Euro.
- Managed Forex Accounts - EUR-USD Outlook 2008, 2 of 3
[Investing] The US Fed has not exactly been forthcoming in its rate cuts; rather, it lowered rates very reluctantly in 2007. It has given only what the currency markets have already priced in. The basic reason for their hesitation is the desire to contain inflation - the very same concern that weighs heavily on all other central banks in the world.
- Managed Forex Accounts - EUR-USD Outlook 2008, 3 of 3
[Investing] The performance of the EUR/USD is heavily influenced by economic prospects in the Eurozone. Part of the reason the EUR/USD rose to its all-time high of 1.4968 was while the US Federal Reserve lowered rates by 100bp, the ECB raised its rates by 50bp.
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