Thursday, August 14, 2008

Goldman Sachs: Dollar has bottomed

The dollar is trading at 1.48 euro versus 1.60 a month ago.

The dollar is trading at 1.86 pound versus 2 and change a month ago.

I suppose after they've seen the biggest move by the dollar in the currency markets in 5 years, it's safe to make this prognosis.

After the fact, of course!

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