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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
Ashraf
Having Held the onslaught of Dollar and Holding above todays intra-day-low will see Euro recover all loss of now to retake 1.3450 levels b4 close
Rgds Thx
Ashraf
Good luck to all.
I have noticed a couple of oddities.
First those banks not being supported by the rescue package or other means previous to the issue of the aid their capital had sropped significantly comapred to early 2009.
Next the 3.8 billion euro capital need is less than 10% of what was expected by various analysts.
In fact the EUR woes remain ... one currency for all doesn't work and the spread widens.
EUR is and has been supportive of Germany Netherlands and that's it.
As there is always some latency and inertia I think EURUSD will eventually exceed 1,31 if USDx weakness continues ... but we are not in a kind of risk-off