Dollar is rising

In the business and market we can't remain without talking about dollar. There is always demand of dollar because all the market of world has been captured by dollor. Some months before Indian rupees were going to strong but soon and dollor was down in India. That time dollor was about 38 rupees of $1. Now it is increased and it is about 42.38 rupees of $1.

Now, in the competition of Euro dollor is also going to rising. Some months before Euro was going to stronger. But now the dollor is back. About it HT writes, “The dollar rose to a one-month high against the euro as the pace of job erosion in the US slowed while a decline in German retail sales indicated economic weakness is spreading to other developed countries.” further it writes, “The dollar appreciated 1 per cent this week to $1.5564 per euro, from $1.5709 on July 25. It touched $1.5515, the strongest since July 24. The dollar dropped 0.1 per cent to 107.71 yen, from 107.84. Japan's currency gained 1 per cent to 167.55 per euro, for the biggest weekly gain since early May. It touched 166.99 on Friday, the highest level since July 17.”

It is clear about dollor now that it is rising. On the other hand Pound is going to weaker. Pound is fell upto $1.9727. Its all showing the market expand of dollor, nothing else.