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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
But dropping GDP in Ezone is a big concern. Watch falling UST yields. Return to safety even if QE3 is coming. Trichet might be forced to reduce rate in Jun. I wouldn't bet on falling USdx but see continuing weakness in EUR. In the end, economy reality always wins.
USD and JPY are still withdrawn from russian stock market. Anticipating further economic drawdown. Bad for EUR good for USD.
Ashraf