Are dollar day's back ?

vishaljain's picture

Dollar is rallying against major currencies in world market recently. Is bottom reached for American greenback ?


 #

Dollar is showing strong support at these levels and there are reasons to believe that better days ahead for greenback. A strong dollar will buy more india rs, good for exports. On the other import will get expensive.  That can add cause further inflationary pressure.

Why I think dollar is going strong further on

1. Us economy is improving with better job data.

2. Technically dollar has hit multiple bottom and started creating floor.

3. There has been talks of alternate currency, truth is there is no alternate currency
for world other then gold and dollar.


4. As global economy recovers dollar will be in demand and improve it's value.

 

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