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Thread: Why USD is so weak?

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    Director of FXOpen Aus FXOjafar's Avatar
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    There are many conspiracy theories. The one I like is the fact the the company that US Treasury Secretary Henry Paulson used to be a major partner for (Goldman Sachs) is one of the few that has prospered under the current economic turmoil in the US. Perhaps he is getting to paid to do bugger all to try and fix the US economy?
    Don't mention Helicopter Bernanke's hundreds of billions of dollars created out of thin air that he's been dumping on the stock market to keep it afloat. Thats going to come back and bite somebody on the a$$.
    The US economy is not going to get out of the rut until they get rid of the corrupt and inept people running the it into the ground seemingly on purpose.
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    anujgoyal.1
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    what is the number of usa in corruption?

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    In Profit cesar's Avatar
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    i think the weakness is for 2 factors:

    - the bad management of the international relationships that president Bush does.

    -the very important growth of the Euro, supported for the UE (not only one country), and (i think is starting to capture) the attention of a lot of big investor that cannot loose the train and fund his pockets with it, and others that are looking this currency with good eyes to the business

    i believe in the short future, Euro will be the paper used in the international business instead of the dollar...

    Another thing i see is USA has until today, old practices that conspire against itself. still believe that oil will never end & the politics in energysaving are not good, and still consumes more and more resources, paying all of this wathever the price be, with everything that's means.
    USA is striking out of the world. While this situation isn't change, dollar will be more and more weak. ( i don't say that have an infinite downtrend, but is almost that).


    Europe is completely different with this point: new currency, renewed environment politics, searching new kinds of energies that be less agresive to the ambient, and new ways to use the available.
    All of this is starting to influence in the global economic factors, moving attention from dollar to other currencies, also euro.

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    anujgoyal.1
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    will us do more fed cut and what its affect on its currency in short term?

  6. #6
    theskyhy
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    what is the number of usa in corruption?

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    Bullish animedia's Avatar
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    bad economic condition

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