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Strategies & Market Trends : Waiting for the big Kahuna
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To: Real Man who wrote (74497)1/31/2007 11:13:24 PM
From: Moominoid  Read Replies (2) of 94695
 
Pound (especially) and Euro are ridiculously expensive in purchasing power terms. That ain't going to change unless they have a lot less inflation than the US. US will fall against the Yuan and maybe Yen, but not against those currencies long term I think. So selling some of those and buying USD seems to make sense to me. Aussie is not TOO expensive, so only a gradual accumulation of USD in order.
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