Saturday, February 09, 2008

Dollar Ready to Rally vs. Euro?

Interesting take in Daily Wealth on why the dollar is about to rally vs. the Euro (scroll to bottom - though the top article is good too).

My opinion - even if the dollar does not rally vs. the Euro, I don't think it has much farther to fall vs. the Euro either. However the dollar does have a ways to drop vs. the Asian currencies in order to restore some sort of balance to the trade balances - those currencies have been artificially depressed for some time.

And don't forget the carry trade currencies - favorite of Jim Rogers right now - the Swiss franc and Japanese yen.

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