Tuesday, July 10, 2007

Weak Day For The Dollar



Today was a weak day for the U.S Dollar as the greenback is not far from testing the low from 2004.

I've been bearish on the dollar since June 18th, and if you've been reading my posts on my other blog you would know that I've been long all the foreign currencies for the past few weeks.

This is my second most profitable trade of the year. If any of you are interested in seeing what the Euro, Swiss and British pound did today along with my reasons for being long, you can visit my other blog The Forex Report..

I figured having a separate blog for currencies would make things easier but it's actually more work!

2 comments:

David Wozney said...

A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as consisting of 1/42.2222 fine troy ounces of gold.

Kevin said...

What's your point?

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