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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
see what I meant by saying the majority at risk is short EURUSD and the market wuold like to squeeze them out.
Though the euro may have seemed balance against the dollar and Japanese yen (a side effect of underlying risk trends), the currency was stumbling versus its UK and Swiss counterparts Friday. While ECBs Nowotny suggested an unwinding of liquidity measures was necessary and Sarkozy echoed Merkels admonition that no bailout expansion nor Euro Zone bond would be passed; we saw the IMF hold off on passing its 22.5 billion euro loan to Ireland until after the nations parliament put the support to a vote. This is a remarkable contrast; and something will have to give either barriers to support, members growth or the groups stringent rules. The most likely outcome next Wednesday is a vote for the support. That said, voting it down presents extreme risk. This scenario could send the euro plummeting and therefore should be considered
well if u dont risk u r not player
howz the life in SA?
thats ridicoulus