This war has been going for some time. The IMF supposed to bring some order into it and it was thought that most states agreed that the USD should come down gradually.
Then, suddenly, from the woodwork appears the French Minister of Finance saying that the EU should'nt tolerate rapid increases in the Euro and this then declined from 1.29 to 1.27.
It is clear that Europe does'nt want a high Euro, because of loss of competition advantages.
I have been wondering for some time why the USD rose for no reason and it is possible that the USD is being bought up. It has risen today to 85.05
So, there is much self interest involved with nations running for cover if their currency rises "too fast".
The US loses exporting advantages at a higher dollar while the economy gives signs of slowing down.
Restructuring has been delayed. Waiting now for protectionism rearing its ugly head.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
