1. It has sent too many wrong messages, that the mighty dollar is the bottom line. 2. It all adds up to a mighty dollar and a bull move in bonds. 3. Speculative pressures quickly forced down the Philippine peso, the Malaysian ringgit, the Indonesian rupiah and even the mighty Singapore dollar. 4. The mighty dollar needs to be balanced by the gallant young euro. 5. European nations, led by Germany and France, view the euro as a rival to the mighty dollar. 6. To keep their jobs, expatriates who until recently had savored the pleasure of receiving the mighty dollars may have to compromise and humbly receive the rupiah. |