When is the dollar rate expected to rise?

The dollar should enter a multi-month rally anytime now against the basket of other currences (U.S Dollar Index). Most people expect the dollar to fall and only about 3% currently expect it to rise. With most investment type instruments they do the opposite of what everyone is expecting.

Look up extreme sentiment readings on investments like stocks, gold, currencies etc. and you will see that pattern play out again and again.

 

Your observations are true but then... it is impossible to determine the exact point of end of such extremes and it is at times worthwhile to flow in the direction of the extreme rather than anticipating the turn.

Regards,

RightMan

 

Can be possible in the beginning of 2011

 

Its not impossible, just difficult and its always a probabilistic approach.

Riding out the extreme is very dangerous in my opinion unless you are exceptionally experienced and have a solid reason for riding it out - I see no reason to ride out the dollar going lower at this point. The more extreme it becomes, the more likely the reversal is sharp and shift and will wipe out any profits.

 

Dollar Rate should be decreased day by day. It should be 1 inr:1 usd, once it is 1:1, india is equal to united states.

 

One misses the good trading opportunity if he gives in to fear of a loss. It is always beneficial to follow a trend with proper stop loss as it does make you mint money fairly easily... more often than naught!

Regards,

RightMan

 

Yes it may be...

now current rate is around 42

 

It will keep fluctuating between 43 and 45 so you dont have to worry about it, you can withdraw anytime but if you are waiting for more then wait for diwali to over and it will rise

 

Dollar will go slowly down.US Economy is a disaster and China and Russia are trying to establish a new world currency.Even Iran is helping right now to push the US Dollar down