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When will US Dollars hit bottom and start to rebound?
US dollars have been very weak or devalued for the previous months. When will it hit bottom and starts its journey uphill?
10 Answers
- Anonymous1 decade agoFavourite answer
It bottomed in November last year around 74.50, and is currently above 77, has been as high as 78.50. Technically, as long as it holds above 76 (the .618 Fibonacci retracement level), the Uptrend is still intact.
Looks like it has already hit bottom and started the rebound, unless we get a double dip in the economy and more fed printing and bailouts are needed to fuel the .gov (dot-gov) bubble.
- 1 decade ago
It will rebound for a little while but it will be false. The feds will raise interest rates again but this will be because of more magic stimulus money that is made from nothing. How can the $ go uphill when the feds are running the printing presses 24/7 with nothing to back it up with ie. domestic goods for exporting. Why don't you look up the word hyperinflation and its main causes. The stock market in this economy with its very high unemployment rate is going up way to quickly from its last downturn. The price of gold is at an all time high, as soon as the real power countries (China, Japan, Europe, Arab nations to name a few) drop the dollar (which they already have for buying/selling crude oil) prepare to buy a sandwich for hundred dollars if your lucky enough to find some selling food at all.
Many countries have experienced hyperinflation it would be very ignorant to believe it cannot happen to this country. 1 month, 1 year, 10 years, It will happen sometime.
Source(s): read history and look passed what is being told to you. - KD7ONELv 51 decade ago
It may look like it is on it's way up, but if you compare prices today against prices 5, 10, 15 years ago, you will see that the dollar is still going down due to inflation. If you want to take advantage of that, look to investing in precious metals. They are the perfect hedge against inflation. http://protectingyourwealth.yolasite.com/
- EdwinLv 51 decade ago
Once the USD has the same value as the Russian Ruble it'll start to climb again.
America, or the US needs to get their spending in grip. As long as they have a huge deficit the dollar can not bounce back, since there is no goods or commodities backing up the value of the dollar.
- ?Lv 41 decade ago
It won't start rebounding. The people behind the Federal Reserve print too much of it, so it loses value daily.
- Anonymous1 decade ago
It does this every day , like all currencies...... you need to get more information before trading
It was lowest during bush years
- Anonymous1 decade ago
it is on the way up
this is not a good thing
longer it is down the better it is for the country,
- 1 decade ago
well see http://ebiznus.com/ for this I hope this will be resolving your problem you can also browse more for this on answers.yahoo.com but i think you better look at what i suggested it helped me too.
Best of luck.