Buy custom Forecast on major currencies and analysis of the consequences on Danone
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Business
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| Number of pages / Number of words: |
9 / 2389 |
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Despite the recent events that have led to a new instability of the currency, the dollar is expected to stabilize these next days and weeks. We forecast that the dollar may know tension phase during the 6 next months but it should stabilize between 1,35 and 1,40 soon and keep this range during 2009. Indeed, the faintnesses of the American economy will certainly remain but, it is also important to understand that the Euro will also encounter some difficulties because Europe countries are facing economic problems and fear recession...
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Indeed, the faintnesses of the American economy will certainly remain but, it is also important to understand that the Euro will also encounter some difficulties because Europe countries are facing economic problems and fear recession. That is why the Dollar can strengthen next year.
B) THE CHINESE YUAN
The Chinese Yuan does not work like other
Graph 5: Exchange rate Euro/Yuan (2008)
For this reason, we expect the Yuan to continue following the Dollar rates, and so to be stabilized around 9,5 yuan for 1 Euro...
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