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AUD and the EUR surge against the Greenback (update 2)

Posted by Adrian on October 18, 2007

Good article regarding the falling US dollar and surging Euro and Asian currencies, from Financial Times (excerpt)

“Mr Mohi-uddin says he remains sceptical about the consensus that the dollar will continue to fall against the euro.

“In the longer term, the euro will not be able to sustain its current levels against the dollar if the US economy doesn’t fall into recession,” he says.

“In the near term, any further overshooting of the dollar is likely to spur a reaction from the G7.”

Full article FT.com ‘Warning bells sound over currencies’

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