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Originally Posted by J. Abizeid  I got your point and you are doing a splendid job. I really mean it. But here is the question: Is the melting global stock boosting the dollar or the dollar strength is sinking the stock. As of now, the Asian market is sinking but the dollar and the Yen are rising. Nikkei 2258,674.69 -631.56 -6.79% Hang Seng14,610.49 -430.68 -2.86% Straits Times1,822.16-98.63 -5.13% |
This financial crisis that the whole world is suffering from it , showed clearly and without any doubt ,
that the US is still the dynamo of the world financial system , and that neither the Euro area or China or Japan is ready yet to take the burden of becoming the new world economical dynamo.
All the problem started from the US , however we have witnessed that the the Euro area and the far east suffered most ,
which mean that both this areas are not independent and strong enaugh economically and are still reluctant on the US economy to drive their economy.
As for you question as to :" if the melting global stock market is helping the dollar or not ." i really dont know , what i know is what the charts are indicating about the trend and direction of the euro .