For Friday

When in doubt go long the Euro. I believe the dollar is losing in its place in history as being the key currency. It is unfortunate that the British reigned as the key currency for more than two hundred years. Here we are being supplanted by the Euro in about seventy five years, and I think that estimate is giving more credit to the US than it deserves. I am not saying it is a bad thing we are giving up our position, it will keep us competitive with the other industrial nations, but we will miss some of the benefits.