The US Dollar Index

[Worn_Buffet]

"The currency will gain 3.4 percent to $1.40 per euro, according to the median estimate of 42 strategists surveyed by Bloomberg News. The dollar is down 8.9 percent this year to $1.4497 per euro after weakening 10 percent in 2006."

Sounds logical to me...retracing back & erasing a lil less than 1/2 of its' losses on the yr....I'll buy that.

& Dr. S.....neutral works as well.....well see how low it goes after this Bhutto event.....baring no further events such as this (which is impossible to forecast of course) it could prove to the bottom we've been looking for. Give it a week or so to all shakeout & who knows, maybe by then the greenback will be a decent long trade moving into '08.

Here's hopin.

Cheers!!