Value of Dollar- Trade Weighted Broad Currency Index
The Graph of the Week is the forecast for the value of the dollar from the May 2008 NABE Outlook. From the outlook:
While the dollar’s recovery path has been marked down, the greenback is projected to gradually strengthen this year and next. The euro is seen to be worth $1.50 at the end of 2008 and $1.40 at the end of 2009, compared with its recent April peak of $1.60.
NABE members can read the full report here. A summary is available to the public.