Dollar Plummets Further
Today China signaled its intent to diversify their $1.43 trillion holdings in favor of stronger currencies. That is a whole lot of downward pressure on an already weak dollar. If you have some money to invest I suggest buying some Euro’s versus the USD. Here’s a good site where you can set up an account and trade some currency. Here’s more on today’s news.
November 8th, 2007 at 8:31 am
Although the trend is generally your friend is a good trading axiom, nothing moves in a straight line…..EM equity markets will give nice indication to risk appetite for the time being……