Today the dollar fell to the lowest level this year against the currencies of six major U.S. trading partners.
The Dollar Index fell as much as 0.4 percent to 78.315, the lowest level since Dec. 18. The euro advanced 0.2 percent to $1.4256 per euro, from $1.4232. The Australian dollar advanced to the highest level since September.
Activity in the dollar will be very tricky to forecast for some time, since there are huge stockpiles of dollars through out the world that could come flying at us at anytime, while Bernanke at the moment is not printing any new dollars. These two countervailing forces are apt to make it a roller coaster ride for the dollar, for the time being. Buckle your seat belt.
Yikes. Living overseas this is a double yikes.
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