Sunday, April 18, 2010

Trade is back on

The Euro seems to have trouble going forward. The PIGS (Portugal, Italy, Greece and Spain) should weigh down the Euro for some time, and although the dollar will be pressured with its own problems, such as the deficit, look for there to be much less trouble. At the very least the dollar has stabilized, and as long as the US can pay down debt so that the interest doesnt become to great, we should see the dollar moving up here. Against other currencies there is still a major problem with the dollar, especially contries that have large assets with respect to commodities.

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