It looks like Bernanke has made it pretty clear from this last speech that rates are at least going down by .25 , possibly .50, in December.
So this in my opinion, I see the dollar going pretty much only one direction thru the end of the year and that is down. I think Eurusd reaching 1.5 is entirely possible now. There really is nothing holding it back with the future dollar weakness.
Any thoughts?
So this in my opinion, I see the dollar going pretty much only one direction thru the end of the year and that is down. I think Eurusd reaching 1.5 is entirely possible now. There really is nothing holding it back with the future dollar weakness.
Any thoughts?