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Hope it hasn't jinxed me or something....
But as to the future direction of the euro, I really think that the ECB will pull out all stops to hold it below the 1.36.
If I were a CB, I would allow 1.36 to be broken, and I would buy more and more, as the price went up and up. I would put a larger and larger counterpressure to ease this momentum and not allow a catastrophic collapse of USD. This martingaling is feasible for a CB which has unlimited pockets. Unfortunately I am not a CB... :-(
Europe seems to be wanting to show the world that their products are so good that even if they are expensive people buy them. Or does trichet&co, really want the euro to make it the world currency asap?
France is very quite and germany seems to like the strong currency.
dont you guys think that EU would do something against the strong euro?
I am just not understanding why no ECB intervention?
Thanx for ur comments
Euro, Cable, Greenback, Looni, Yen, Kiwi and so on... no bussiness is more exciting than Forex
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