US Dollar Prediction For 2010 – Where is the USD Headed?
Now that 2010 is well underway, it is time to start thinking about how the rest of the year will look like. In this article, I want to share my prediction for the US Dollar in 2010. As always, predictions are totally personal and this one is based on my opinion alone, so you need to make your own trading decisions. That being said, I believe (and have stated before) that this is going to be a very good year for the USD. Indeed, the American currency finished 2009 on a high note and it has been going strong ever since, rising about 10% versus the Euro. I predict that the USD still has some way to go and may indeed continue to rise in relation to various major and exotic currencies throughout the year. I base this prediction on the following: 1. It is very clear that Europe is in a mess. Greece is close to defaulting on its loans and there is still no clear plan of aid from the rest of the Eurobloc countries. Other members of the EU seem shaky as well, including Spain, Portugal, Italy, a