the fundamentals in Europe are certainly not as good as the...

the fundamentals in Europe are certainly not as good as the recent move suggests, its just that the USD is so weak, and with QE2 beginning soon, I dont think there is going to be a bounce in the USdollar worth trading or investing in

a long term view of mine is that the USdollar index, currently at 76.50, will soon fall to below 70, then, much further

so, like i think goldman sachs, who just came out with a few targets of eur/us-1.60 and bgp/us-1.70, i am not sure about aussie, but i think 1.05 for the aussie within 6 months

i dont think they will get it much wrong, so it would be highly risky trading the US long anytime soon