A recent report by Swiss bank UBS is forecasting that the US economy will expand faster than any other developed country in 2012. If this report turns out to be correct there could be a significant impact on currency trends over the next twelve months.
A number of currencies including the Euro, Yen, Pound and Canadian Dollar have all enjoyed a period of relative strength against the US dollar over the past few years. This has been particularly helpful for those planning to immigrate to the USA on the EB-5 visa as they have often benefited from favorable currency exchange rates.
However, the balance of exchange rates may be turning. UBS predicts the dollar will be the big winner in 2012, strengthening to $1.51 against the pound and $1.25 against the euro. Europe will slide back into recession in the first half of next year, according to the report, forcing the European Central Bank to cut interest rates.
Meanwhile, faster US growth will avoid the need for more quantitative easing from the Federal Reserve. As has been the case this year, investors will be willing to give Washington more time to tackle its deficit.
“These are ‘known unknowns’, which the market is more comfortable with compared to the euro zone’s problems,” the UBS report said.
The transfer of the $500,000 to cover the required capital to qualify for the EB-5, along with other assets when relocating to the USA, mean that the currency exchange rate can play a big part in your timing.
For the latest information on this subject or for further independent information on the EB-5 visa please contact us at info@WhichEB5.com or call: +1-561-771-1330
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