Dislikedquestion for you emda.
other then the unprecedented fed move made last week to buy US treasuries and all the hype surrounding the speculation of what should happen as well as certain key speeches by noted figures in politics like obama and trichet....what fundamental reasons do you have for a weaker dollar right now? same could be asked about why the euro should get stronger when they are one step behind what the US is doing.Ignored
it is hard to define the "now" concept... I see euro stronger than dollar in the weekly.... but of course it could go down for some days to retrace. last week move was an inflection point in my opinion.