Just when you thought it was safe to go back into European waters, the dollar fell nearly .5% against the Euro in the first hours following The Fed’s announcement to continue lending at an historical low. Only the still struggling economy could reverse a trend that saw the Euro hovering near a nine month low against the dollar just last week based on German consumer confidence numbers.

In addition to the suggestion that the recovery is still on shaky ground it puts my European holiday in jeopardy more than Inter Milan’s chances of stopping the rampant Chelsea Blues later today on their march towards the Champion’s League final early this summer in Rome. And I do so love Chelsea and Rome in early summer. [Read more…]