15 October 2009

Strong Economic Sentiment

The global economy is enjoying some strong sentiment - China has seen an improvement in export and import, Japan's export has improved and the US dollar is continuing its weak streak leading to commodities like oil to enjoy a boost.

A barrel of oil reached over $75, which is not far off the $80 which had been predicted earlier this year for Autumn. Are we set to reach the 2007 heights again?

The Euro is enjoying its strength against the dollar - the foreign exchange market expects one Euro to reach $1.50 and beyond soon.

But hold on to your hats - the dollar could revert to strength at a moment's notice!

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