[DrDavid]

The value of the Euro cannot be justified given the fundamentals. Anybody smell Soros?

If he has lots of U.S. Dollars that he needs to sell to pay off loans in Euros, then that could push down the Dollar. The other possibility is that the U.S. Dollar is being counterfeited at an increasing pace.

[Mase]

"If he has lots of U.S. Dollars that he needs to sell to pay off loans in Euros, then that could push down the Dollar. The other possibility is that the U.S. Dollar is being counterfeited at an increasing pace."



Very possible. I had never thought of the counterfeiting possibility. I have had many on FR tell me that the value of a currency is a direct reflection of the underlying fundamental health of that particular economy. I don't subscribe to that view but, if that is true, then something is amiss when it comes to the EU because they are in a serious economic mess.