Analysis brings benefits

In April 2000, the euro hit its lowest ever point against the dollar, touching 89c in Asian intra-day trading. This was a substantial decline of 23.7% from the currency's opening level of $1.17 at the beginning of 1999. The euro's fall is an impressive example of a major, albeit volatile, currency trend, but it is in no sense unique. All currencies undergo price trends from time to time, some of them lasting many months. For example, between the second quarter of 1996 and the third quarter of 1998, the Japanese yen declined over 40% against the dollar. In a similar example of dollar str...