US$ on the skids

  1. 6,975 Posts.
    G'day folks,

    The US$ got smacked last night and the Euro which just a month or so ago was an unwanted currency is now close to 1.01. 'The Little Battler' is also up around the 57c mark so money is leaving the US.

    The flight of money didn't help the CAC and DAX last night though but the FTSE was off only a little. What then will this do to our market today? Will we blindly follow the Dow (not much history of that lately) or will cash be coming in to buy the yields?

 
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