Okay, folks, here's the chronology of
the US dollar (versus the euro) over the last five days... September 11: Dollar climbs throughout the day, but ends only slightly up at 0.7145. September 12: Dollar starts a massive two-day slide, dropping from 0.7144 to end at 0.7034. September 14: Dollar starts falling again, but suddenly shows a sharp correction higher, moving from a low of 0.6919 to a high of 0.7034. September 15: Dollar swings wildly, but ends only slightly down at 0.7019. September 16: Dollar oscillates, but is trending higher back above 0.7050 This move is heartening... for now. Perhaps folks buying the dollar on the cheap this past week thing this could be the bottom. I'm not so sure, especially if the Fed happens to get its hands dirty by cutting rates again. All I know is that the stronger dollar means that my dinner here in beautiful Cesky Krumlov will cost me a little less tonight. I'll have more analysis tomorrow.