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Niels Christensen in Wikipedia
It's a very strong signal and positive for the euro.
Monetary policy expectations were the driving forces on the FX (foreign exchange) markets in most of 2005 and while we expect structural problems to come back to haunt the dollar in 2006 we expect monetary policy expectations to lend support to the greenback early in the year.
No one can find a good reason to buy the euro at the moment. The only thing that could turn the tide is intervention, possibly accompanied by soft U.S. data.
It is more a squaring of positions than suddenly people seeing anything positive about the dollar. Intervention has a limited and short-lived impact. It has not started an uptrend in dollar/yen.
This is the biggest show ever in our club's history with over 60 booth spaces and 32 vendors.
You are racing your competitors, not the clock.
(December 23, 1947 - )
Through travel I first became aware of the outside world; it was through travel that I found my own introspective way into becoming a part of it
(April 13, 1909 - July 23, 2001)
Some of God's greatest gifts are unanswered prayers.