As long as bond market is happy, weak dollar is good for the economy.
Will the Feds ever step in to stop the devaluation of the Dollar or will we see the Euro at $3 by the end of the year?
I don’t expect to see the Euro at $3 by the end of the year, not because the Feds would step in to stop the devaluation, but because Europeans will either cut rates or be forced to do a currency intervention.
I wouldn’t rule out the Swiss Franc at $1.50 by the end of the year, though.
