Currency

I don't understand currency markets all that well, but I do know that the Fed's recent half point rate cut should push the U.S. dollar even lower. It hit 1.40 to the Euro today, which is only interesting to me because I remember when the Euro first issued, the idea was that it would be roughly equal to one dollar. It immediately dropped to .83 or something, and Americans were all like LOL ur Yoorow sux.

This guy writes a great article about how China must feel after the recent Fed move. I don't know how accurate his views are, I just like that he described the U.S. stock market boost this week as "drunken bacchanalia".

My question is, what the hell is wrong with the NT$? Why are we still at 33 : 1 to the U.S. dollar? It almost seems like the U.S. dollar is not falling, but only that the Euro is rising. NT is 46.42 to the Euro, which is going to make this Springs chess lessons at La Pera Bistro even more expensive. Easy to sell tools though.