Desi

Currency Bundles Pegged to the Dollar

Ray,

Thanks for your prompt reply. I fully agree that there are so many factors that affect the currency markets. Hence every word of advice or hint is useful for an individual investor.

Thanks once again,

Desi

Currency Bundles Pegged to the Dollar

Hello,

First of all its a joy and pleasure to read your timely articles !

One question I have is on the latest signal from the Fed on holding the interest rates steady and probability of raising the rates in Q3/Q4 2008. The markets are already including this news in the currency valuation with dollar becoming stronger against Euro as well as the Yen. How would the strengthening dollar affect the two ETN's mentioned above and will the sky-rocketing inflation break the "Camels Back" in the emerging markets.

Thanks,

Desi