[J. Abizeid]

Originally Posted by Abou-Eddie

We are now at 1.24 and this morning we were under 1.24 at 1.2360. This is despite analysts expecting a decrease in interest rates by 1/2 pct in 2 days. The resistance level is very high. I think the 1.20 psychological level will be crossed very soon, perhaps this week. It is almost a mirror image of what is happening with oil which went down even after output being decreased. It is now at 63, expect it to reach 60 when the euro reaches 1.20.

It’s obvious there is a plan for the dollar to reach a certain peak against all currencies excepted for the yen before it reverses course with vengeance.
Japan is not plying the game. They seem to be buying their currency back and getting rid of the dollar which is upsetting the G7 plan: http://www.marketwatch.com/news/story/g7-warns-yen-volatility-currency/story.aspx?guid=%7B11870235%2D4DBB%2D499A%2DBAA2%2 D3063C0237881%7D#comment912028

As I mentioned before, it’s not a euro game, it’s a dollar game. Its behavior is identical against the Canadian, Singapore dollar, Suisse franc even the Chinese Yuan.
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CAD&submit=Convert
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=SGD&submit=Convert
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CHF&submit=Convert
http://finance.yahoo.com/currency/convert?from=USD&to=EUR&amt=1&t=1y
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CNY&submit=Convert

They want to make it sound that all those countries did something wrong since August but the US got it right while the US is the eye of the hurricane…..
Only Japan didn’t play the game mainly because their low interest rate could not afford them to.
http://finance.yahoo.com/currency/convert?from=USD&to=JPY&amt=1&t=1y
The real value of the dollar is determined by the Yen therefore all other currencies will follow soon. When the avalanche starts, it will be something to watch not be part of it,