Monday, June 29, 2009

Commerzbank: flexibility of the American economy makes the dollar benefits

According to analysts of Commerzbank, the U.S. dollar is likely to grow relative to European currencies, because the United States will emerge from the economic downturn before the European Union. According to the bank, the U.S. would support the fact that the U.S. economy is likely to come out of a recession in one or two quarters before the euro. In the end, the high flexibility of the U.S. economy will have a positive impact on the American currency. The pair euro / dollar for the time being traded at 1.4060.

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