The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: bull_dozer	12/11/2010 5:22:58 PM
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Euro Will Remain Under Constant Pressure between Ireland and Merkel The euro has found some level of stability against the US dollar; but against the less fundamentally controversial franc and sterling, the currency’s true colors show through. Both EURCHF and EURGBP ended this past week near multi-month lows. And, considering the fundamentals that face the currency going forward, there is a high probability that the euro is set for another drop. That said, the real question is whether the region’s troubles are significant enough to spread to the market’s most liquid currency pair: EURUSD. Considering the primary concern amongst investors and traders – the deterioration of the region’s financial markets – is only worsening with time; the most likely outcome for the euro is selling across the board (year-end liquidity allowing). dailyfx.com Edit: Grub 33333

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