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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (22209)	1/26/2005 8:57:08 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

My speculation is that we may have some what up potential in the UDX, but then moving back down about 7% to 10% from today's levels. Volatility may grow even more. The problem is that the UDX does not encompass all world currencies and as such is not reflective of the appreciation let say of the former USSR currencies or S. America currencies or SE Asia The other major currency the EUR may hit 1.40 top 1.45 by year end. My reasoning the new members in the EU will increase their export to the US. At present the trade deficit with EZ is over 100 billion, not a number to sneeze at. census.gov compare that to 1997 for example at 17 billion census.gov