Thursday, June 5, 2008

Dollar-Smile Theory ?

Well, this is the first time I heard about this theory.

Anyway, there's a CNBC story out this morning saying with BOE holding rates, there might be a jump back into the dollar as the US economy may recover before the full effects of the credit crunch have been felt in Europe, analyst told CNBC.com

I am no FOREX trader but you can read the news for yourself here.

My hope is that this will help American exports and give it a much needed boost.