Compared with December 31st 2009, nothing much has changed for the US dollar in particular. Despite predictions of doom and announcements of more debt issuance, life goes on for the USD. The greenback gained about 7% against the EUR and gained about 5% against the GBP; it lost 5% against the CAD, 8% against the CHF and 13% against both the JPY and the AUD. Once again this just goes to emphasise that Asia is presently the world’s economic growth centre.
If these trends continue, EUR/JPY will be trading below 90.00 on December 31st 2011.
