Ignore Bernanke: Why one euro will soon be worth $2 « Peter J. Cooper’s Weblog

Fed chairman Ben Bernanke talked up the dollar a couple of pips yesterday. But beware a false sense of security. The bullish crowd from Wall Street would have us believe the dollar’s fall is over and that stabilization at two per cent interest rates will spark a rally after eight months of falling rates. It would be nice to think this is true. But the dollar is going to $2 per euro over the next two years.