Our weekly round up of currency movements
29th August 2008
By Nigel Hodges of Currency Solutions
There was singing and dancing in the streets last weekend as London came out to play in the Notting Hill Carnival and was watched by the world in the official Olympic handover ceremony.
Let's call this week the official hangover, as sluggish markets contributed to headache-inducing lows for the pound and euro , with the star performer being the chipper US dollar .
Stellar efforts for second quarter growth in the US, given the conditions, have confirmed the currency remains buoyant despite the recessionary shadow looming large in recent months. In comparison, the euro and pound have remained weak, with the slight rebound mid-week providing only short-lived relief for the apathetic economies.
Although the midweek lull confirmed speculation that the recent rise of the US dollar has been a little over-dramatised, the dollar remains the strongest of the major currencies this week.
Already a member of Property Secrets?
To view the rest of this article read below....
To view this you need a Property Secrets Silver membership...
Join over 100,000 property investors and gain full insight and knowledge from our team of experts and advisors with thousands of articles, blogs and reports, free downloads, events guides, property deals and much much more.... 100% FREE OF CHARGE!
How our FREE SILVER Membership can benefit you?
- We have thousands of articles and pages of content written by our team of industry leading contributors
- Including expert written blogs on property markets from across the world
- updates and analysis from some of the leading players around
- Financial support from our partners on Mortgaging, Insurance, Currency, Tax & more
- Property Deals delivered to your inbox each week
- Keep up to date with latest events, up & coming ventures & new opportunities both on site & through email with our weekly newsletter
- Select FREE spreadsheet downloads & PDF eBooks including Property Market Profiles and variously contributed guides
- Capital Gains Tax Calculator, Currency Converter & Automatic Mortgage Reminder
- Online Support & much much more including.....
FREE: 2012 Property Market Profile written by Alan Forsyth
Available via instant download in PDF format
FREE: 7 Fatal Mistakes to Avoid as a Property Investor
Available in a 7 day email course or instant PDF download
Simply enter your email address below and you will be registered to receive all the above benefits & more instantly 100% FREE of charge! No hidden clauses!!
