is the dollar rally over?

Yuan is going to get 're-valued' and Asian currencies are going to strenghten sharply (Yen). Euro will strengthen a bit in sympathy but basically it takes pressure off the euro-zone currencies (currently they are the only freely floating currencies to sell against the $$-i'm including GBP, CHF, etc.). Selling Eur/Yen is the trade. Just my 2 Pfennings worth.
 
Commodities are off sharply (in U.S. $); this is a Dollar rally more than a Euro correction. Probably a short squeeze compounded by Europe's and Japan's ongoing struggles to get their respective currencies down (counter to the Fed's agenda). The Fed vs the World plus the Billionaires playing the Millionaires - pretty volatile mix. This could get brutal.
 
4 Mar. 04 12:45 (GMT) ECB Announces Rates (EU)
Thursday, 4 March 2004

- Event: Governing Council meeting of the ECB in Frankfurt
Time: 9 a.m. ECB time (C.E.T.)

- Event: Publication of the "Monetary Policy Decision"
Time: 1.45 p.m. ECB Time (C.E.T.)

- Event: Press conference following the Governing Council meeting of the ECB in Frankfurt
Time: 2.30 p.m. ECB time (C.E.T.)
Venue: European Central Bank, Kaiserstraße 29, 60311 Frankfurt
More...
www.ecb.int

WAP mobile device address: http://www.ecb.int/ws.wml
PDA address: http://www.ecb.int/wspda.htm
 
ecb and boe say no change but that still didnt bring in any buyers. the dollar is sitting of its highs and probably will continue

good luck all
 
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