[quote]My feeling is that there’s a massive currency intervention going on[/quote]
I don’t think that’s the case. The rest of the world’s economies are slowing down, so money is moving into the dollar because it’s safer. On top of that, the ECB’s next move will be to lower interest rates and the Fed’s next move will be to raise interest rates; the dollar will be more attractive vs the Euro. In addition, the U.S. experienced the slow down first and will be the first to rebound.
