Tiger21Invest
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The language coming out of the G-7 wasn’t especially critical or harsh against the dollar weakness and volatility – as such I’d expect continued dollar weakness. French Finance Minister Lagarde, ECB President Trichet and US Treasury Secretary Geithner all expressed the need for a strong dollar, but this statement was weaker than the one released in April 2008. With the recent strength in the dollar, I’m buying euros relative to the dollar.