There's Hope For the US Dollar: Comeback Ahead?
Using mid-December exchange-rate data from FT.com, the chart above shows the one-year forward discount or premium for the US dollar vs. the Euro and British Pound in 2005, 2006, and 2007.
Bottom Line: There's hope for the USD! Its value has stabilized, and it has actually appreciated by more than 2% vs. the Euro in the last week, and by 1.5% vs. the British Pound. And since late November, the USD has been trading at a one-year forward premium vs. the Euro for the first time in at least three years, and I don't think that has received any media attention.