the Dollar

Just another thought on the Dollar. I think the recent plunge of the dollar from $1.88/Pound to $1.98/Pound was completely overblown. Since the dollar started its decline, we have had good retail sales numbers, weakness in the European economy, a signal from the ECB that they might stop raising rates, and today, healthier than expected employment numbers. I'm sticking with my bet on the dollar in the practice currency account and I just added a bet on the 10-yr treasury bond yield increasing.

Perhaps the Europeans are overly concerned about Iraq... Either way, I see it as an opportunity.