The bank of India just made the biggest single purchase of gold...
...in 30 years...cuz its so afraid that its $US reserves are going to fall so much in value over the next while.
Warren Buffet buys a railroad which would greatly benefit from a low $US as a vehicle for exporting commodities.
The fed is printing money as the stimulus dollars really start to flow in 2010.
So NO I wouldn't bet on a $US bounce any time soon.
It's actually gotten a tiny bit stronger in the last couple of days.
However, historical patterns have shown that it almost always loses value right around the time I need to transfer money from dollars to euros to pay my rent.
Assuming you're talking about the US$ I hope not. The A$ will hopefully continue to rise another 10-15 cents. Especially before I head off overseas next year. Would love to see the A$ rise against the Yen a bit as well.
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"Never take an idiot travelling, you can always pick one up when you get there." Billy Connolly
