we have seen a massive deleveraging in the past few days, as all those who short the $ gave up since the europe is in even worse shape. That’s why the $ is now much stronger.
Why any one would favor the Euro over the dollar in the long run astounds me. Native ethnic Europeans are a declining majority, soon to be a minority, with Muslims being the majority. Is there a single powerful Muslim economy that is not petro-dollar in nature?
I have also read another article that said Soros believes the dollar will still be preferred to the euro. So, he must have predicted the european problems post US market collapse??