Horse riding in the early morning Metro North train from Grand Central to Greenwich in late December 2004, euro-dominated thought Luke Anthony. After the bottom at about 0.85 $ /, in 2000 and 2001, the euro had appreciated sharply and now stands at $ 1.35 / (Fig. 1). Luke, FX strategist at hedge fund, were to form an opinion on the likely path of the euro in the future. The certificate does not clear. Of traditional factors, some of which point to a further appreciation of the euro, but others seemed to be in favor of the dollar. And there was a lot of "new" factors to sift through. Sorting through the evidence will require a relatively standard way of thinking about money markets and higher emphasis on the perspective of capital flows. And Luke was just this quiet week between Christmas and New Year, to form a cohesive plan for early 2005.
This Darden study. "Hide
by Francis Warnock Source: Darden School of Business 19 pages. Publication Date: August 31, 2007. Prod. #: UV0764-PDF-ENG