Zeev's Turnips Patch-No Politics (ZEEV)

[Lane Hall-Witt]

mlsoft--

It's a pretty funny exercise, trying to handicap the currency markets right now. The dollar should be collapsing, but the situation in Japan is even more desperate, so the yen is winning the race downward. The euro is hanging in there, but again that's in spite of terrible weakness throughout key sectors of the Eurozone. There are the various PPTs at work, probably at odds with each other by this point as they all seek to defate their currencies. "Strength" is a product of the perception that your own collapse is more of a slow-motion phenomenon than your neighbor's.