“US Dollar Continues Decreasing for the Time Being”

According to Bloomberg on May 29, 2002, USA experts forecast that EUR 1 will be USAD 0.99 and 1 dollar is Yen 123.24 as the USA dollar continues decreasing in the second half of the year and returned at the end of the year.

“In terms of the point of time for that EUR exceeds USAD 1, out of 53 analysts and investors, 23 persons said the third quarter (July ~ September) and 27 persons said the fourth quarter (October ~ December)”, reported Bloomberg.

The US dollar of the second quarter slumped with the lowest points after the lapse of 15 years.

“Because a trust of investors was stained but the USA economy has been recovered, the US dollar will not be continued until the end of the year” forecasted Adrienne Cunningham of Hedge Fund, Scotland.

IMF forecasted that USA economy will show the high growth over 1.4% of 12 Euro zones and –1% of Japan, as it increased by 2.3%.

As of June 28, GBP 1 was USAD 1.5335. “For the exchange rate of the end of September and December, GBP 1 will reach to USAD 1.52”, forecasted experts.

konihong@donga.com