The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (21595)	7/28/2009 7:31:16 PM
From: RockyBalboa	Read Replies (1) of 71426

Yes indeed. First sightings were - some pressure coming and going at the 1.416 support level. Yuk those are fast markets there... For the longer term, today could be meaningless but perhaps a shakeout of weak hands; But I wonder whether the USD is fundamentally weak, so that the DX would really go 71 as some think here, even if stock and commodity markets stall or revert. The latest fed rhetoric would imply that unlimited dollars are available until the unemployment rate returns to 5% or so this means for years to come. This is not exactly bullish for the dollar. Mind you, corn and wheat haven´t been that cheap measured in EUR terms, for a long time. With the EUR over 1.40, most of the ags (except soy) are trading at or near lows. With the EUR at 1.4 last year corn was at 6 (it topped at 8 when the zero hit 1.60) and wheat hardly below 10, double todays prices.

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