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Strategies & Market Trends : Galapagos Islands
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To: Lazarus_Long who wrote (49883)1/12/2004 4:57:42 AM
From: zonder  Read Replies (2) of 57110
 
I also agree that Europe is not the most attractive region for investments in the world. However, that is of course not the only criteria through which one currency rises against another.

My understanding is that it is the weakness of the USD rather than the strength of the EUR that is boosting EUR/USD. Deficits, costs of war & occupation, and especially the Fed's 'benign neglect', not to mention outright hypocricy re "support" of strong dollar policy, etc have eroded confidence in USD.

So USD falls. The only other "big" currency investors feel like turning to at this point is the EUR. It is not much more complicated than that. In fact, Central Banks have been decreasing their USD reserves and increasing their EUR reserves.
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