Nov 1, 2004


The dollar is seeing some good strength today and I like that pattern much better for a post election rally. It had a small bounce off the 85 level Tuesday, pulled back and retested it, and is now sitting on a launchpad if there is a quick resolution.

I would add to that foreigners may be less familiar with Bush and Kerry and may avoid election uncertainty as a matter of course. That might lead to a more tradable reaction in the currency.

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