Dollar on the comeback trail

The dollar looks likely to continue its long-term decline in 2005,” said The Wall Street Journal on December 22 last. To be fair to the Journal, you could have read the same comments in almost every major financial publication across the globe in December. It represented an unbridled one-way sentiment extreme against the dollar. They were basically pronouncing the death of the dollar. Here is why I believe such a pronouncement is a gross exaggeration. And why we should be in the very early stage of a multi-month rally in the dollar.

www.atimes.com