Euro exceeds for the first time the value of 1.43 dollar

According to the delay of the American economy currency traders in the United States expect a next interest fall.

On Wednesday the US publicised two indicators which confirm the difficulties on the American house market, that causes the decrease of the dollar. The number of houses of which is, on an annual basis ,started with construction has decreased in September with more than 10%. The indicator of the future construction ,decreased with more than 7%

The Fed also admits an increase fall since August, when the mortgage crises caused a lot of damage to the stock markets. Analysts believe that the Fed will intervene again and that they will reduce their interest.

I also believe that the Fed will intervene again and that they will reduce their interest so that the American economy becomes attractive again. It would be a good turning point for the American economy because now they are at a historical low point. That isn’t good for all the investors, the companies,… and last but non the less important ones, all the working people. They all need an extra power so that their economy would revive and according to all that, the dollar would increase again.

Sarah Struyf

http://www.demorgen.be/dm/nl/geld/economie/625046