ACEMAN

Forex Wrapup: Dollar Benefits As Traders Focus on Weak Economies Elsewhere

Y'all better keep your eyes on Grace and the Euro/USD. She almost makes it look too easy. USD against the Euro at 1.28 by the end of the year especially if J. Trichet gets his way and increases interest rates which in and of itself boost the USD. The ECU needs a strong dollar especially in light of falling commodities and oil prices. Both sides of the Atlantic will benefit from a rising USD. And don't forget, as China's inflation woes spiral upwards the USD and the Euro find a better balance.