<<Dollar weakening against Euro, an on... > How, when and why do you say that, where actually $ is strengthening against Euro since last two weeks!! cme.com
My dear JDin... Yesterday, I highlighted your mixing up of 'Paris governance' with the 'French Government' and your mixing up of exchange controls under a socialist government. Now this above statement is totally opposite to what is happening,$ is actually strengthening because of flight to quality, euro has lost nearly 8% since lst few days and $ is bid very strong. I don't know why do you make these kind of statements? Look at this from '95 to 90' fall of Euro, if the US economy is so bad the reason of flight to $ are incomprehensible, the bond is the last resort for everyone, that initself pseaks volume of US strength amongst the lgobal players and comity of nations. The internal debt situation is great and with cuts it will be further improved, the nations that have huge imbalances of domestic debt are not associated with low inflation, low long bonds and low risk premiums.. I hope this will put the record straight. |
