Considering the dollar is so weak at the moment (nearly 1.47 against the euro today) why are more people not buying up Dollars and opening up Dollar accounts? I have looked through this website and not found many references to this.
Is this a good idea for decent return down the line when the Dollar does eventually recover and gain in value?
Are there any pitfalls to this type of transaction?
Pardon the pun..but I would bet my bottom dollar that this fiasco will not subside until well into 2008. There are many indications that the fed will lower rates again soon- and it would appear that, if anything, the ECB may go with another hike.
I am not an expert -but do keep abreast of the news.
Hi, just joined up, would love to know how/where to open a dollar account. Was planning to buy 10,000 euros worth when it hits 1.50. Appreciate any help re- opening a $ account.