Much guess work. The dollar will remain weak as long as the US has low interest rates.
Interest rates won't change until next year...
"Most economists think the Fed is keeping a close eye on any signs of stabilization in the labor, banking and housing sectors. When those become more obvious, the Fed will need to aggressively raise rates and end those emergency lending initiatives.
But a majority of forecasts don't show stabilization until the end of the year or beginning of 2010. Until then, the Fed is likely to keep rates unchanged so it doesn't disrupt what appear to be the underpinnings of an economic rebound." CNN Money Report Sept 21
JP Morgan Chase had predicted 1.50 by the end of the year. We appear headed that way sooner.
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