What is the main reason the dollar keeps getting weaker against the pound and euro?
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Tagged with: dollar • Euro • pound • reason
Filed under: Currencies
The slowdown in the American economy is the reason, aswell as perceptions that interest-rates are on their way down in the US and on the way up in the Eurozone. If speculators feel that interest rates are on their way up in a currency-zone, they will sell that currency and buy other currency. The rationale is as follows – when interest rates go up in the Eurozone, the yields on deposit accounts go up and vice-versa. The US sub-prime mortgage-market crisis is also a major influence. The American Federal Reserve is seen as likely to lower interest-rates to boost the economy.
because we import more then we export