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The dollar pressures



Jack Crooks takes a closer look at different currencies and how the declining dollar affects each one. Mr. Crooks explains how the declining dollar can relieve and plant pressure on other currencies.



The euro has reached a high compared to the U.S. dollar at $1.60. Failure at this level has undoubtedly been a key driver behind the dollar rally. European Central Bank interest rates have also reached a high. Just recently, the ECB chose to leave rates at 4% again. And while they seem pretty adamant about winning the inflation battle, Euro area growth is too inconsistent for them to consider pushing interest rates higher.



Meanwhile, the British pound has been in a constant struggle to find buyers. Even though it's not dropping nearly as quickly as the fundamentals might suggest, the dollar is benefiting. The Bank of England also decided to leave interest rates unchanged. But it's possible that the BOE will cut interest rate a couple more times during 2008.



Commodity dollars are in turmoil. Much of the disappointment the U.S. dollar has had to endure has pressured the Canadian dollar too, despite that country's relatively steady economy. But as the U.S. dollar frees from the pressure, so too does the Canadian dollar. And after releasing pressure off the Canadian dollar, the Australian and New Zealand dollars have remained attached for quite some time. Rarely have we seen diverging price action between the two. One of those rare moments occurred recently when an Aussie-positive economic report buoyed the Australian dollar. Normally the New Zealand dollar would follow the Aussie, but this time it sunk lower.



"This means that further instances of divergence could indicate traders are growing more selective in their dollar-bashing," Crooks states.




To read this issue online, please visit:


http://www.moneyandmarkets.com/Issues.aspxDollar-out-of-the-Doghouse-1772




About JACK CROOKS & MONEY AND MARKETS     



John (Jack) Crooks is the founder and president of Black Swan Capital, an independent advisory firm specializing in foreign exchange and currency markets investing for retail and institutional clients. A seasoned financial advisory with nearly 20 years of investment experience, Mr. Crooks uses both quantitative and qualitative approaches to determine the fundamental driving force(s) behind the movement of the currency, capital, and commodities markets. He is the editor of Weiss Research's latest investment offerings, World Currency Alert and World Currency Options, which were launched in August 2007.



Mr. Crooks also founded Ross International Asset Management, a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. Previously, he was general manager of Plexus Trading, where he specialized in currency futures and commodities trading. During his successful career, Mr. Crooks served as chief currency and futures strategist of M2 Futures Inc., an investment boutique headquartered in Chicago, as well as vice president of Global Strategic Research for an international investment boutique, where he was responsible for providing daily advice and global strategy analysis.



Prior to entering the investment arena, Mr. Crooks held various corporate finance positions. He has written extensively on the subject of global currencies and international economics and has been published in Asian Times, Futures Magazine, Barron's, Bloomberg, Dow Jones Newswire, and across many financial websites. He has also appeared on Bloomberg TV and CNBC.



Mr. Crooks holds a bachelor's degree in finance from Florida State University and a master's in business administration from the University of North Texas.




Money and Markets (www.moneyandmarkets.com) is a free daily investment newsletter from Dr. Martin Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Weiss Research, Inc. is located in Jupiter, Florida. For more information about our editors, or to set up an interview, please contact Jennifer Moran at 561-627-3300 or visit www.moneyandmarkets.com.






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