Dollar looking bid but be carefull

The dollar today has been trading with a strong biddish tone. This makes sense to me in the short term and the economy continues to move ahead steadily. BUT BE CAREFULL. As the U.S. begins rebuilding New Orleans (and they will in a very quick manner) money will not be an object. They will spend whatever it takes to bring the city back as quick as possible. This will be an opportunity for the Federal government (I.E. President Bush) to make up for the tremendously slow response to aid the region. Also remember this is a similar story to last year when the dollar weakened against the Euro from 1.2000 to 1.3600 in the last 4 months.


FXTRADINGIDEAS@AOL.COM