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

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To: LLCF who wrote (30502)4/14/2005 7:02:02 AM
From: Haim R. Branisteanu  Read Replies (1) of 110194
 
Some one on CNBC Europe raised the possibility that the FX market is focusing on the wrong information - e.g. trade gap US China as China keeps the peg steady.

His comments were that a worsening China's trade balance with the world supports the USD. This plus massive USD short position may justify the recent USD/EUR strength, not to mention that Europe is far weaker than the US with a different time bomb - huge social benefits with a dwindling new generation to support it.

As such buy BRL <GG> - I did in December last year
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