Dollar Strong for no obvious reason
Dollar is very strong and major currencies are losing a lot against Dollar with no obvius reason. In 2000 when dollar was strong there were a strong reason of Dot com Boom, but what is reason now can any one tell,
UK Pund is 6 ys low against dollar and lost 20% value as Compared to its value in July,
Candian Dollar is worst loser, it lost about 30% Value as Comparted to last year aveage.
Euro is also down 25% as compared to its value in July.
Goto yaho finance and currencies and see these horrible graphs
I feel there are more than 50% investors from Canada UK and Europe so they must have not lost a lot investing in Pakistan, For eample Canadian Dollar holders are getting almost same [63 vs 64] Pak rupee against their Currency what they were getting one year Back in 2007.
This situation will directly effect Dubai realestae Market, Recently most of buyers in Dubai are European mostly from east europe, They have Booked on highest
prices, and now they will have have to pay 30 to 35% More if Dollar stays here [Dollar always = 3.675 UAE Dhs].
If you are not losing and have some interest in Global economics, This is life time experience to see watching this economic strom.