The dollar began its free fall over the past few years, many investors are worried it will trigger a dollar crash disaster, but, currency strategist said that the wealth of Asia and the Middle East Film capacitor sovereignty Fund acquired dollar assets will help the dollar against the euro exchange rate , ending a two-year bear market.
             42 strategy Bloomberg News expected the average, the dollar rose against the euro will be 3.4% to 1.40 US dollars, the dollar exchange rate against the euro this year has been tired or 8.9% to 1.4497 US dollars. And the exchange rate in 2006 was recorded in a 10% decline.
             Merrill Lynch, Morgan Stanley, Citigroup and Bear Stearns and other financial companies in the credit crisis suffered heavy losses, in order to compensate for lack of capital, has sold a total value of 20 billion US dollars of shares. Ministry of Finance in the United States on December 17 that overseas funds bought by the United States in October of financial assets, bringing the total to 114 billion US dollars, setting the fastest rate in five months.
             Will follow economic rebound
             Redtower Institute of the United Kingdom, chief strategist at Gerry
             Celaya said that the sovereignty of wealth Fund acquired asset prices are cheaper. He dollar against the euro the most optimistic forecast that the rate will rise to 1.23 US dollars. He Film capacitor also pointed out that the United States economy remains flexible, recovery momentum, the dollar will follow the rally.
             ANZ strategist Morris (Tony
             Morriss), Asia and the Middle East market to support the dollar, or else these markets will be affected. He expected that next year will be the dollar against the euro exchange rate rose to 1.39 US dollars.
             Commonwealth Bank of Australia senior currency strategist at Grace (Richard
             Grace), the dollar was not continuing to fall, the United States current account deficit will continue to improve. The bank forecasts the dollar against the euro will be the end of next year to 1.32 dollars.
             However, the Dutch Bank strategist at Gibbs (Greg
             Gibbs), is the most pessimistic forecasts. He believes that the United States economy is in a falling market as long as six years, and will not immediately improve, the United States will face financing difficulties. He expected the dollar against the euro to fall to 1.53 dollars.
             Strategist also said that the yen against the dollar will continue to rise this year, and the United States and Europe because of the economic slowdown, the yen against the euro will be the end of 2008 or the city. Bloomberg News expected an average of 41 economists, the yen against the dollar will rise 3.6 percent to 110 yen, the yen rose against the euro will be 8.1 percent to 152 yen.
             Investors expect the United States consumer confidence and poor housing sales data will force the Federal Reserve Board to cut interest rates again, dragging the dollar 16 kinds of the most active in the 13 kinds of currency, decreases were recorded in yesterday. The dollar against the euro as low as 1.4515 US dollars. Set December 14 to the lowest level.
             Gold seen around high
             Dollar fell against the euro, making investors increased Film capacitor holdings of the precious metal as an alternative investment needs to strengthen and stimulate gold rose as high around. Another reason for the jump is that some investors buy gold to hedge against inflation. New York, February gold was up 13 cents, or 1.6 percent, at 829.50 US dollars an ounce. Spot gold also rose as high as 829.94 US dollars.
             Market speculation, China next week to repeal a metal import tax information will stimulate demand for brass rose, encouraged by this, copper prices rose nearly four week high. London three-month copper contract was soaring 3 percent, to 7,000 US dollars per ton. New York, March copper was up 1.2 cents, or 0.4 percent, to 3.167 US dollars per pound. Copper prices have been tired of this year or 10%.
             Investors expect the United States crude stocks continuedFilm capacitor decreases were recorded in five weeks, coupled with the bombing of Turkish Kurds based news to stimulate the price of crude oil rose nearly one-month high, and then the United States market remain bearish consumer confidence and new home sales news, dragging oil prices down to the upgraded . New York, February-dated oil, in the electronic trading session yesterday, was down 32 cents to 95.65 US dollars a barrel. February Brent crude, was down 11 cents to 93.83 US dollars a barrel.