Monday, February 05, 2007

Dollar hanging in there

Despite all of the incessant chatter about the "plunging" dollar, the dollar is present fairly stable against the euro. I continue to expect the dollar to trade in the range $1.25 to $1.33 to the euro for the next few months. Traders and short-term speculators may attempt to push the dollar outside of this range, but any such movement in the near-term would likely be only temporary.

-- Jack Krupansky

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