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The €/$ is down 0.07 euro cents as well.My opinion is that there's a sucker rally on the $, since the fed and the treasury keep talking up the $.I don't think they will rise interest rates any time soon, but rather likely to lower them when things keep on going worse and worse.I often mention these on my blog ;-)
My thoughts indeed. In 1-2 mo we will see EUR/USD = 1.60 again.
Pej, Nikolay, thanks for your comments; "two views make a market". Pej, of course, I missed the fact that we haven't moved down against the Euro. Though some say we will.
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