Re: Euro vs USD
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I vaguely recall reading somewhere that the euro will peak at about 1.5 usd per euro, but since I don't remember the source, I obviously have no clue how accurate that information is.
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Zee,
The dollar actually gained v.s. the euro last week. Its at about 1.28. Thats the first time its been below 1.30 in a long time. It looks like the high was back in December at 1.36
Several factors contribute to the dollar's weakness. First and probably foremost is the robust budget deficit. Second is a lack of foreign investment or financing to fund the deficit. Low interest rates and piss poor yields are factors here too. Toss in a perceived stronger euro economy and you have your 5000 ft level explanation for why the dollar has been down.
The deficit isn't going anywhere, but yields are improving. I know that international markets are a hot sector right now. What does this mean? It means I dont think your gonna get a definative answer, but 1.50 seems really far fetched.
Good luck-
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