Monday, January 5, 2009

Currency Predictions For 2009

All things relating to the economy were crazy in 2008, to say the least, but now that it is over, what does 2009 have in store for us? Currency expert Kathy Lien attempts to look into her crystal ball and determine how the new year will be for the key currencies. Forex investors should make sure to check out her latest blog post below.

2008 has been a crazy year in the foreign exchange markets and hopefully 2009 will bring more steady times for the global economy as a whole. The tremendous amount of fiscal and monetary stimulus that central banks around the world have doled out should begin to have their effect in the second half of the year. Countries that will be the first to rise from the ashes are the ones whose currencies have lost the most value in 2008. In contrast, the countries whose currencies soared will have a much more difficult time recovering.

In 2009, we will be celebrating the 10 year anniversary of the Euro and in January, people around the world will cheer the inauguration of brand new US President. Obama embodies change and hopefully that change will help to pull the US economy out of recession.

Make sure you read my 2009 currency forecasts. I talk about what I expect fundamentally and technically for the following currencies in the year ahead.

US dollar forecast
Euro forecast
British pound forecast
Japanese Yen forecast
Australian dollar forecast
New Zealand dollar forecast
Canadian dollar forecast
Swiss Franc forecast

This post can also be found on kathylien.com.

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