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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Mario :-) who wrote (9863)5/31/2005 3:51:41 AM
From: Crossy  Read Replies (4) of 37387
 
re: FOREX €/$ at 1.238 - further Euro Weakness

as expected by me, the Euro Currency (€) is experiencing further weakness in the aftermath of the French NO vote to the European constitution.

The EUR dropped to 1.238 to the US-Dollar, a 7 month low.. Expect even more weakness when the Dutch also vote NO (but due to different reasons, predominantly because of anti-islamistic sentiments) with more than 60% according to my sources.

For Background info, see: zachtei.nl

Best currencies to park your money IMHO are..
1) South African Rand
2) Australian Dollar
3) Norwegian Kronor
4) Canadian Dollar (clouded by the weakness of the Martin government and the Liberals deals with the socialist NDP)

all the best
CROSSY
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