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U.S. Dollar - Updated Outlook

Discussion in 'Forex Daily News & Outlook' started by GCAM, Mar 19, 2010.

  1. GCAM

    GCAM New Member

    Sep 25, 2009
    Likes Received:
    Asset Manager
    U.S. Dollar - Updated Outlook
    by Chris Brueck, Gold Coast Asset Management Inc.

    The US Dollar continues to be the focus of speculators, as demand for it is still related to its status as a safe-haven currency.
    Increasing demand could be seen in the near future if the European Union fails to develop a solid plan to aid Greece as
    approximately 1-Billion Euro worth of debt will be maturing within the next two months. If the EU cannot develop a realistic
    plan within the next week, Greece's Prime Minister has warned that he would consider alternative options, such as an
    IMF loan. In any case, the US Dollar still seems poised for further demand in the near-term.

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