We still have the underlying deficit issue, which the market is still focusing on. We're going up through 1.22 over the next couple weeks.
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Because of Katrina we will have a pause in September. The aftermath of shocks is still not appreciated and oil prices are still high. The effect is that with the background of structural problems and (losing cyclical support) the dollar is in a phase where it should weaken.Adam Myers
Even though risk aversion might be on the rise and could drag on the dollar slightly, there is still a very, very strong equity flow going back into the United States.
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There are no clinical studies that show it's an effective weight loss agent.
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The world is coming to a view that the Fed is going to provide more liquidity and interest rates will probably (peak) around 4 percent,
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From a very low base the German data has been performing very strongly, confidence is up and activity is up. The euro will continue to benefit.
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Imagination is more important than knowledge.
Albert Einstein
I am so far as I am aware not at all influenced by dramatists, expect for Shakespeare, who I have to say, it is impossible not to be influenced by if you hold language to be the major element of theatre.
Howard Barker