Wikinvest Wire  Tuesday, May 09, 2006   This chart of the dollar
captures the trend of the last couple of weeks very well. As I
read the action it appears as though the dollar has no where to
go but down. Ahem.  If you have been lucky enough to have a lot
of foreign exposure this year you have probably added a lot of
alpha to your portfolio. It is possible any outperformance has
accelerated in the last two weeks.  I wrote a similar post
recently, but the dollar can't go in only one direction. I
generally expect a weaker dollar but it makes sense to think it
has to correct a little bit before anything else.  I am writing
this just as the Fed is due to announce a move to 5%. As seems
to always be the case the market is waiting on pins and needles
for Maria to decipher what their statement will mean.  Some sort
of dollar rally would not come as a shock even if it does not
last a long time. Another factor that could turn the tide,
short-term, is that anecdotally there seems to be no positive
sentiment on the doll