Xanadu, I have long thought that the euro could not sustain over $1.50 for any length of time...although it is holding up better than the dollar or GBP, at this point
However, the credit and banking problems that are plaguing the US aren't contained, and Europe is dealing with it's own assortment of troubles...I don't believe the euro can sustain these levels for months on end, although it probably will remain near these levels through the summer
It does seem, fwiw, that the USD is about bottomed out. Perhaps I am speaking too soon, but it seems that the dollar is not falling on the avalanche of bad news the way it fell in 2006-2007. Perhaps there is not much more downside
However, I think all currencies will underperform gold in coming quaraters
The one change could happen around the time of the US elections..depending on who is elected, and how the global markets react to the prospect of their policies for change
News 
Market Data 
Discover 
AI
