Thursday, April 27, 2006
This first chart compares the dollar vs. the krones of Sweden and Norway over the last two months. Norway has been stronger due to oil.
The second chart shows the euro's strength over the last few months. The dollar weakness has accelerated this week which some technicians might view as positive. Ok but don't be shocked if this stalls out or reverses a little bit before doing anything else.
I still believe the dollar gets weaker but nothing goes in one direction. Don't freak out if the dollar goes up for a short while and your foreign stocks go down in that time. This is not something I plan to trade around but it could be less frustrating if you expect it to come.
Posted by Roger Nusbaum at 9:40 AM