Just to close out the week, and the open question implied in my last post, the euro did NOT manage to break out to a two-year high today. But it did get darn close. It was recently trading at 1.3316 -- 1.3367 is the intraday
high from December 2006 that needs to be cleared. Bonds also rallied back from earlier losses despite the dismal inflation news. The catalyst? Falling stocks and a rallying yen -- both signs that risk aversion is still the name of the game in the market right now. Have a great weekend everyone.