Has a dollar correction arrived?

Our story, as you know, is not a positive one when it concerns the future of the euro. But, that is our story, and it may at times have little to do with the true story—price action! Mr. Price Action is always the final arbiter.

Watching the euro of late, and the continued ugly news in the background (evaporating German exports, no real cohesion on Central/Eastern Europe rescue, and ECB looking to go lower on rates, the euro has acted very well relative to the news, i.e. old timers might say “the tone of the euro has been good.”