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Foreign Exchange rates next news topic?
Old 04-13-2007, 08:28 AM   #1
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Foreign Exchange rates next news topic?

I don't have a TV to watch the main stream news but my guess that after housing prices; and oil prices exchange rates will be the next big news story.

Euro - 1.355
Austrilian $ - .835
UK Sterling 1.985

The dollar is likely to fall more if the Fed lowers interest rates. Also, if the major oil producers go to a basket of currencies pricing instead of US$ pricing the dollar will be hurt.

I'm guessing the news stories will be about how people will not travel overseas because of the cost and the increasing cost of imported goods increasing inflation pressures.

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