Housing report fears hold the dollar gains

The dollar again break the levels above 1.55 against the euro on continue speculations for U.S. housing report today. The Fed decision to raise the interest rates will delay. It will be very stupid to raise the interest rates in a moment when the economy is in recession said George Marshal forex analyzer in World-Signals. The Fed will raise the interest rates far at the end of 2008 or even in the beginning of 2009. The inflation hurt the Euro Zone where will be necessary fast action said Mr. Marshal. The European Central Bank is close to the time when will be necessary to raise the interest rates due too the very high inflation. We can see the dollar in new pressure above 1.60 said also Mr. Marshal. The U.S. economy is weaker than ever and recession is possible.

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