The Battle for 76 on the USDX Continues

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By John Galt
May 25, 2011

From FinViz.com:

The key numbers to watch are 76.60 and 75.70ish as the battle for 76 is enjoined by the JCB which wants a stronger dollar and the ECB which wants a weaker Euro to aid their exports and enable their weak institutions to borrow on the cheap. The battler for fiat insanity is being fought this summer and once the Euro breaks 1.40 with authority they will hold the lead in the devaluation sweepstakes.

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