The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (1189)	9/28/2007 2:40:14 PM
From: kaydee	Read Replies (1) of 71455

Thanks for the informative post. <<By looking at the size of Euro currency and dollar currency derivative markets, my guess would be that that second major source of Euro appreciation has been pretty much exhausted.>> I want that to be true. But a lot depends on what ECB head says on 10/04, the next ECB meeting date. IMO, ECB will keep the rate at 4% only. But Trichet would love to talk hawkish and make sure Euro rises again, imo. Also, with non farm payroll the next day on 10/05, anything can happen in these Fed sponsored speculative markets. Euro rate of 4% may be near term top, but I am more often wrong than right... <<Once the Yen carry trade blows up, we'll have a real dollar crisis: long term rates will move sharply up and the Yen will skyrocket>> To be honest, I thought this would happen a while back. But one day it should, all imo. kd

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