So, what's the status of the two currencies as of right now? Let's just say the US dollar is quite low in relation to what it has been in the past. The crazy thing about it is that the U.S dollar is much more than many other countries - in the midst of the economy shake up - so when the economy corrects itself (which is what it is designed to do) - the dollar will be sky rocket high - possibly by mid to late 2009 which is what most experts predict.
So if you can trade cheaper currencies or what are usually cheaper currencies for the United States Dollar, it will be risky, but a great investment when the dollar returns to the great heights making you quite a bit of profit in the process.
Let's take a look at the US Dollar and British pound as a pair. The British pound has been worth more than the US Dollar for quite awhile, however, when America was experiencing a surplus in government funding - the US Dollar was actually worth more than the British pound.
Depending on who's president, and control the US senate will control the economy including fiscal spending, tax cuts or rebates, etc. It's just important to pay attention to the government as the government has quite a say in the economy since the original great depression.
You wouldn't be a fool to hold on to your British pounds simply for the fact that the most "tragic" bank failure in the history of the U.S came into fruition with Washington mutual coming down and being bought out by a major company. In the U.S economy, things are either really good or really bad - this is a case of really bad, but it will correct itself.
You have to make this trading decision all by yourself or just wait and see how the economy's going to do. People are actually stock piling on the U.S dollars when it is restored to new heights so they can have an enormous sum of cash when the U. S economy is restored to former glory - the choice is up to you!
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