This blog is published by Andy Waldock. Andy Waldock is a trader, analyst, broker and asset manager. Therefore, Andy Waldock may have positions for himself, his family, or, his clients in any market discussed. The blog is meant for educational purposes and to develop a dialogue among those with an interest in the commodity markets. The commodity markets employ a high degree of leverage and may not be suitable for all investors. There is substantial risk in investing in futures.
I'm publishing this reprint from John Mauldin's "Outside the Box," weekly letter as support for my last blog Pandora's Grecian Riddle. I've fielded numerous calls from clients who feel that the U.S. Dollar is overvalued and that this rally should be sold against the February high around 81.70. I still feel that the Dollar should be viewed in terms of relative strength, rather than absolute strength. The U.S. Dollar Index is comprised of 57.6% Euro currency, 13.6% Japanese Yen and 11.9% British Pound. Therefore, with 71% of its value being tied to Euro land, the U.S. Dollar will continue to look pretty good as the Greece / Euro mess plays out - in spite of our troubles here in the U.S.
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