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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (20664)6/8/2009 5:47:10 AM
From: RockyBalboa  Read Replies (2) of 71456
 
And after the poor European election result which strengthened the right wing and weakens the prospects of the Union... the buck shows further hefty gains bringing the DX to nearly 81.50

1.38 and still little traces of EUR buying.

I look at treasuries to buy, in earnest (for a swing trade).

Why: the overhang in the short term rates has been resolved on friday with the big spike in funding rates; stocks weak means flatteners will come out. then the fed could still buy paper at the new lower prices. Remember, it deflated from 142 to 113 (+ carry), so a 6, 7 points gain is not out of the world.
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