As the dollar drops, import prices will take off.
This is a classic blunder, and one which will make traders a lot of money.
* * * * * J B K * * * * *
San Francisco
The dollar has climbed 2.7 percent against a basket of currencies from its biggest trading partners after reaching a one-year low on Dec. 1, easing price pressures from overseas goods. At the same time, companies may be reluctant to raise prices following the worst recession since the 1930s, giving the Federal Reserve, meeting today, reason to keep interest rates near zero.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aiHwohIqB1dk&pos=3
