It is not a good sign when market strategists say any mention of "fundamentals" is dollar negative. From Wednesday’s FT:Mr Snow reaffirmed that his administration’s concept of a "strong dollar" was …

First, South Korea opts out of the Bretton Woods 2 system of reserve financing. That would be the first really big outright public defection. Korea has lots of reserves -- and its central bank clea…

Pretty much all of them.   It is 2004 all over again. From Dow Jones: Foreign-exchange traders said the central banks of South Korea, Malaysia, Taiwan and Singapore bought U.S. dollars Thursday, pu…

I was going to write about how the markets have concluded that risk does not exist.After all, early last week, the market thought that dollar bonds issued by emerging economies were not that much mor…

Maybe it is just me, but Thankgiving 2006 is starting to feel a bit like the period after Christmas in 2004.   Both periods saw sharp falls in the dollar in thin markets.  1.31 isn’t 1.36.  But, in a…