The problem is that if the euro and yen will continue to be strengthened are more expensive cost of European and Asian exports in the international markets. A few months ago there was speculation that some europeros banks had bought dollars to keep its exports competitive. Such growth in Germany, Europe’s biggest economy remains dependent on its exports and the decline in the dollar could impact significantly on its economy. Another factor to take into account with regard to the dollar are the operators who have made a very high volume of bets against the U.S. currency and may consider that it is time to take profits. Another important factor is also the risk that exists in the increases occurring in the interest rates, which can lead to a major crisis in emerging markets and to attract investors back to the dollar. But beyond that the dollar has absorbed major losses, the performance of the pound sterling was still more weak. The pound ceded 2.6 percent against the dollar and 7.2% against the euro during the third quarter.

This decline occurred after the English currency repuntara with 15% against the dollar during the second quarter. Many investors believe that the British economy is in a very vulnerable position on the effects that can leave the financial crisis and very few are those who believe that the Bank of England raised rates of interest in a close time. For many months the dollar tended to decrease after the announcement positive news and that investors interpreted as a sign that it was time to leave safe investments such as the American currency to go in search of investments more risky and profitable. Simon Derrick, analyst of foreign currency for Bank of New York Mellon in London said that the euro could locate about 1.55 us$, compared with the current level at us$ 1.46. Derrick said that efforts to be are carried out by the American Government for injecting money into the economy have significantly cheaper cost of borrowing in dollars, at a time where American assets offer too low returns. But with respect to operators, they are asking for borrowed dollars and use them to finance investments in currencies that offer higher returns, which in the jargon of Wall Street is known as carry trade and that tends to reduce the cost of currency requested borrowed. Derrick describes it almost as if it were a flight from the dollar.