5/27/2003

Dollar Trading at all time low is Crap

CURRENCIES The panic headlines about the Euro trading at an "all time high" against the dollar are crap. The Euro has been a currency for less than seven years. The only measure for the dollar right now is against the Swiss Frank which has a history of options and exchange trading going back to 1985; has been traded against the dollar since God invented the exchanges. The dollar is nowhere near lows against this currency (or the DM which is now too lightly traded to matter). Watch the Swiss.

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