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Tuesday, November 15, 2011

Is Dollar Strengthen show sign of recovery ?

So far it looks positive from GDP front , data taken from france and germany. Still Euro shown some support near to 1.35 and dollar support at 78.

Dollar is not only showing strength against Euro but also some emerging economy like India and China.

Indian rupess fallen to lowest at 51 against Dollar.

This may be a good sign for the time being as world may see some recovery but cant forget rear view.Investor still worry for future because they have in 2008 a recession.

Somewhere investor worry about debt issues and greece bail out.