The euro is looking awfully lifeless of late, and may be on the verge of making the U.S. dollar look "strong" again. March euro futures closed on Friday at $1.4618, down 1.62 cents from $1.4780 last week.
Far from being bullish on the euro, futures all the way out at June 2009 are priced only at $1.4433, which indicates the dollar gaining strength.
Although foreign exchange "strategists" do a lot of talking about "fundamentals" and how weak the dollar is, the truth is that it is all a giant shell game with speculation and short-term trading as its aim and nothing to do with long-term fundamentals.
Despite the "weakness" of the dollar, the euro, pound, and Canadian dollar have not made any headway against the dollar for two months now.
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