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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (19331)10/15/2003 7:05:32 PM
From: philv  Read Replies (1) of 81943
 
The USD Index has stopped falling.

Well, its a controlled decline. Bush is going to talk to the Japanese, and remind them that they aren't supposed to interfere in the FX markets by selling YENs for Dollars, while at the same time re-iterating a strong dollar policy. (Figure that one out). This administration is very adept at double speak.

The Europeans are also angry at the Japanese. The Europeans complain that so far, they have had to do all the heavy lifting. I have read commentary that they will accept the Euro @1.20, after that the squealing starts. Life just isn't fair.

My guess is that the USD Index has a long way to go yet.
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