The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (4658)	1/9/2004 2:41:22 PM
From: Haim R. Branisteanu	Read Replies (1) of 110194

Darefot I was not expecting a rally of the USD against the EUR, what I was expecting was a trading range between 1.21 to 1.25 and I was wrong. The ascend of the EUR is pure speculative without any fundamental justification. The economic picture has not changed so drastically in EZ or US that the EUR should rise from around 1.07 on September 1 to almost 1.29 today, for reason I posted on SI. In the same vein the EUR had no reason to drop to around 0.82 to the USD about 2.5 years ago.

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