Nation of Cards » exchange http://www.nationofcards.com Surveying the situation. Taking action. Thu, 14 May 2009 14:34:31 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 Dollar Finally Ceding to Euro? http://www.nationofcards.com/2008/12/11/dollar-finally-ceding-to-euro/ http://www.nationofcards.com/2008/12/11/dollar-finally-ceding-to-euro/#comments Fri, 12 Dec 2008 03:15:29 +0000 admin http://www.nationofcards.com/?p=13 The dramatic recovery of the dollar versus the Euro — and indeed generally against the foreign currency basket — might finally be fading.

Not only has the Euro surged higher in the past few days, but DailyFX analysts claim to have called the floor at $1.26 USDEUR with a projection of $1.60.

The exchange rate bounced several times at the1.25 level over the past seven weeks. Now it appears to be making a sustained, dramatic rally. How to defend against it?

This already means dramatically higher oil and gold prices. It’s likely to further impact everything from trade to ability to raise debt and defend against foreign acquisitions.

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