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Old 12-16-2008, 09:46 AM
 
Location: Los Angeles Area
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The eurozone will fit the Euro going to 1.60 again. It will make their recovery that much header. Nobody wants a strong currency right now, its going to be a fight to the bottom.
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Old 12-16-2008, 10:35 AM
 
Location: Raleigh, NC
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Originally Posted by Humanoid View Post
The eurozone will fit the Euro going to 1.60 again. It will make their recovery that much header. Nobody wants a strong currency right now, its going to be a fight to the bottom.
Japan's economy is growing quite nicely with the Yen gaining to just below 90 to 1 againt the dollar.

"Nobody", as in governments, don't like monetary deflation. Granted, but then again what's good for economic prosperity rarely correlates with what the government wants, and most certainly does not correlate with government actions.
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Old 12-16-2008, 10:37 AM
 
Location: Raleigh, NC
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A nice little confirmation on my hypothesis

Kiss the dollar rally goodbye - Dec. 16, 2008
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Old 12-16-2008, 01:36 PM
 
Location: Los Angeles Area
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Originally Posted by ViewFromThePeak View Post
Japan's economy is growing quite nicely with the Yen gaining to just below 90 to 1 againt the dollar.
Just how deep did you put your head in the sand? Japan's economy is in a recession and that isn't even factoring in the damage that a strong Yen will cause right now.

BBC NEWS | Business | Japanese economy now in recession

Quote:
Originally Posted by ViewFromThePeak View Post
A nice little confirmation on my hypothesis

Kiss the dollar rally goodbye - Dec. 16, 2008
The fact that the dollar is declining against the Euro is not a hypothesis, its a fact. But it is going to collapse against the Euro? Why would it? The Eurozone is implementing the same sort of monetary policies as the US. But until the US there is no unified backing to the Euro....

A rate cut by the FED will change nothing, the rate is already effectively zero. What you are seeing in the market now is pure psychology....
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