Following last week's meeting of the Group of Seven (G7), some forex investors were disappointed to learn that the G7 nations would not do anything to stem the continuing slide in the US Dollar's value. The dollar sank to record lows against the Euro, breaking the 1.43 barrier. The Internation Monetary Fund (IMF) piled on last week by offering the opinion that the dollar is "overvalued." Boy, talk about kicking a guy while he's down. Players in online forex trading are well advised to regard the dollar's slide as permanent, at least for the next year or so. Getting the Bush/Cheney bunch out of the White House will undoubtedly have a salutary effect on the dollar, and the ripples from that should quickly translate to the online forex trading markets. As everyone in the online forex trading business should be aware, the dollar's decline is not just for economic reasons. All over the world, the stock of U.S.A., Inc. has begun to sink, in part because of a complete lack of faith in the incompetent and crooked clowns who are currently running the country.
