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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.23+1.9%Jan 12 4:00 PM EST
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To: Haim R. Branisteanu who wrote (110121)1/26/2015 12:50:43 AM
From: elmatador  Read Replies (1) of 219307
 
Euro Falls to Lowest Since 2003 on Syriza Victory; Krone Slides

The result hands Tsipras a mandate to confront the program of austerity imposed in return for pledges of 240 billion euros ($268 billion) in aid since May 2010. “What we do think this outcome brings is once again volatility back to the fore,” Ben Pedley, head of investment strategy for Asia at HSBC Private Bank in Hong Kong said in an interview with Bloomberg’s “On The Move” with Rishaad Salamat. “We’re looking at $1.09, which right now looks quite conservative” for the euro, he said.

The euro has tumbled 6.1 percent during the past month, the worst performer of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The yen rose 5.9 percent, the best performance and the dollar gained 3.3 percent.
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