The dollar fell to all-time lows against the euro and a basket of major currencies on Tuesday as investors feared the fallout from the credit turmoil was far from over and the Fed will have to cut interest rates some more.
Expectations of further monetary easing in the United States have seen investors focusing on the yield play, driving the euro to successive record peaks against the dollar.
The euro rose as high as $1.4571
The dollar index, which tracks the greenback's performance against a basket of six major currencies, dipped to 75.986, the lowest in its more than 30-year history. The index (.DXY: Quote, Profile, Research)
There is certainly no change in the dollar's weak trend. It looks like $1.50 is the next target for euro/dollar.
In contrast to the Fed, which has slashed the fed funds rate target by 75 basis points in the past two months, the European Central Bank (ECB) has kept up hawkish rhetoric due to concerns about inflationary pressures.
With that as a backdrop, the market will target higher eurozone interest rates and lower U.S. interest rates. We see this as an opportunity for our European friends to make home purchases at substantial discounts, at prices that have never been seen before.
From Palm Beach to South Beach, pleaes allow Bradley E. Arnowitz, P.A. & Associates to share this unique buying opportunity with you.
Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on my web site http://www.arnowitzproperties.com/ for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range.
Buying and selling a home is one of the biggest events in your life. As the areas #1 realtor, I have the experience and track record you are looking for. Please let me help.
Bradley E. Arnowitz,PA, RPS, CLHMS
Re/Max Hall of Fame
Founder, The Institue for Luxury Home Marketing
Renowned Property SpecialistCertified
Luxury Home Marketing Specialist
Voted "Best Local Realtor!", The Sun Times
Miami Beach Area Council Chair, Realtor Association of Miami & The Beaches
Please contact the firm at:
Bradley E. Arnowitz, P.A. & Associates
http://www.arnowitzproperties.com/
ClientCare@ArnowitzProperties.com
24/7 - (305) 776.6113
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