The U.S. dollar rose on Saturday against Euro, the future plunging currency. Our financial advisory division forecasted euro plunge in near future and warned investors to avoid further investments in euro, at least for six to eight months. The dollar rose to 0.9 percent marking its current position to $1.340. The dollar is now looked upon as safety currency because euro’s outlook is blurred, unclear and uncertain. It is very common amongst investors that when they become uncertain about investments, they try to invest in major currency which is now U.S. dollar after euro’s downfall.

The yen also fell against dollar and 15 other most traded currencies as Japanese consumer price (CPI) plunged this week forcing its central bank to raise interest rates. Similarly, the Canadian and Australian dollars also fell against the greenback.

U.S. payrolls added 190,000 jobs in March, increasing the likelihood the Federal Reserve will raise interest rates in the near future. This will give a stronger position to the dollar but only for a short-term. For long term investments, investors should move ahead towards “Better investment than U.S. dollar” which is gold.

But The U.S. dollar is the most regularly used currency in international market up till this day. The fact that the U.S. is the world’s largest trading nation is only part of the reason. The value of international market in dollars is much larger than the total business conducted by the U.S. and countries with currencies linked to the greenback. This is predominantly true in Asia, where many countries bill more than 80% of their exports in dollars.