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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (6688)4/30/2008 6:47:23 AM
From: RockyBalboa  Read Replies (1) of 71456
 
The initial USD drop to 1.00 was more a recoup of a way too strong rate after the undoing of the 2000 bubble.
With the subsequent interest related reflation efforts the USD was weakened further which made possible the 2003 recovery.

Now with the deer gone wild the administration is reluctant to implement adequate countermeasures. They rather hope (and perhaps this works out) to have weakness exported so that currency markets partly correct themselves.
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