Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Is the Worst Over for the Dollar?

Experts predict modest rise for greenback in '08

By Jason Farago, Newser Staff

Posted Dec 27, 2007 12:30 PM CST

(Newser) – After a year that saw the dollar slip to record lows against the euro and its weakest position in decades, the worst might be over for the beleaguered greenback. A survey of 42 strategists by Bloomberg found nearly unanimous consensus that the dollar is set... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Bloomberg (Source Grid »)

Comment: A rescue plan for the dollar
Wall Street Journal

Money • US

currency • exchange rate • euro • credit crisis • US dollar • US exports

More Newser Stories

Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies

(NEWSER) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange experts foresee more falls for the low-yielding currency to come. But Europeans aren't happy at all about the strong euro; an adviser to Nicolas Sarkozy called the $1.50 level "a disaster" for business. More»

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

(NEWSER) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002. Currently trading at $1.40 per euro, it should strengthen to $1.20 by year's end, according to Deutsche. More»

Dollar Hits 2009 Low

Credit rating fears send greenback falling against pound, euro

(NEWSER) - The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said it was not changing America's AAA rating, but one foreign exchange strategist said, "It's hard to imagine a sharp reversal of the dollar's trend." More»

Dollar's Long Rally Likely to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

(NEWSER) - The once moribund dollar has soared 20% against foreign currencies since July, one of the few bright spots in a grim financial landscape. The dollar traded against the euro at $1.28 this morning, down from a high of over $1.60 this summer. But the dollar's rally is expected to stall in 2009, as low interest rates and the pain of a recession catch up with the greenback. More»

Dollar Soars to 1-Year High

Greenback climbs higher still after Fannie-Freddie bailout

(NEWSER) - The dollar rallied to a 1-year high against the world's currencies today, following Treasury's decision to seize control of Fannie Mae and Freddie Mac. After an early hiccup, the greenback advanced to $1.41 against the euro while also climbing against the yen, the pound, and the Swiss franc. While the Fannie-Freddie bailout reassured investors, reports that Asian banks might buy out Lehman Brothers also helped to push up the dollar. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Is the Worst Over for the Dollar?

Experts predict modest rise for greenback in '08

currency • exchange rate • euro • credit crisis • US dollar • US exports

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Euro Cracks $1.50, Dollar Hits New Lows

Investors shun low-yielding greenback for riskier currencies

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

Dollar Hits 2009 Low

Credit rating fears send greenback falling against pound, euro

Dollar's Long Rally Likely to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

Dollar Soars to 1-Year High

Greenback climbs higher still after Fannie-Freddie bailout

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?