Trading Euros For Dollars - US Dollars and Euros in 2010

The Euro or EUR and the US Dollar or USD are two of the most profoundly traded currencies around the globe. This pair has created a noteworthy route last 2009. It had begun at 1.391700 and peaked at 1.512000. However it still traded at 1.434300 some time in 2009. So, it can be concluded that 2009 was the strong year of the EUR and the weak year of the USD. Nevertheless, what can be foreseen about these currencies this 2010? What will be the result of the EUR versus the USD?

Basically, the answers to the questions are unclear since nobody knows what will really happen. So, it is better if you decide for yourself based on your own beliefs and not based on the predictions of other people.

However, it may be helpful if you still try to think over the recommendations and suggestions of other people. For instance, some people believe that 2010 is the year, which opposes 2009. So, based on this belief, it might be claimed that the USD will go up in value and the EUR/USD will fall down. Trading Euros For Dollars

Such predictions are based on these three factors:

1. In 2009, the USD went bad because all traders had based their trading strategies on the financial and economic crises that struck America. So, the Euro had risen over the US dollar. However, such crisis is global. That is why, there is a very likely possibility that the Europe will soon experience the same crises and the Euro will go down some time mid 2010.

2. The Federal Reserve's head named Ben Bernanke has claimed that there might be several hikes on interest rates in America. And even if the increase is tiny, it can still have the ability to improve the value of the US dollar.

3. The European Union seems to be disunited. There are several countries that readied themselves for the upcoming crisis. But there are some countries, which have immensely suffered because of this. For example, Spain and Greece have undergone a decrease in their credit ratings; and both of them use the Euro.