Within the next 3 months does the US dollar expect to gain strength or keep losing it? The reason I ask is because I'm an Austrian-American and working in Austria at the moment, and want to know if it would be better for me to wait 3 months until I leave and then transfer my money at hopefully a higher rate (1.6 usd to euros) rather than for it to fall to a lower rate (like 1.2 usd to euros) Right now it's at about 1.48 USD to Euro.
Economics - 1 Answers
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Well the dollars slide against the Euro has stopped and occilated back and forth in the past two months or so. If inflation keeps rising in Europe, or they start easing interest rates as well due to the housing slow down and credit crunch, then there will be downward pressure on the Euro too. Also the relatively lower oil prices now of around 87 to 90 dollars a barrel apposed to 100 means a lower net outflow of dollars which should bolster the dollar value a bit. So its a tough call in the next three months. Either way though, currencies dont move that much in that time frame. The dollar for instance last about 10-12% percent aginst the euro in the past year and that includes a large slide, which likely wont continue for the time being, so either way it will have a minimal effect for you. But keep in mind that predicting currency dirrection is very difficult and speculative.
