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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (93279)	4/8/2008 6:03:48 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

Good reason to start buying the USD - I bought 1 million against the EUR at 1.58 and wrote Sept 24 1.43 Put for 0.85% - Trade deficit will shrink - it is already lower v. EU than in 2003 when the exchange rate was around 1.10 or lower - always there is a lag - at the time I recommended to buy the EUR with the UDX around 120 (posted with Heinz on SI) census.gov Kadlow the premier contrarian indicator called the USD the new "pesos" referring to its worthiness January 2003 -6,582.9 February 2003 -6,428.3 March 2003 -7,785.7 China yuan ends at new high of 7.0008 to US dollar vs 7.0015 in OTC trade BEIJING (XFN-ASIA) - The yuan finished at a fresh high of 7.0008 against the US dollar on the over-the-counter (OTC) market, up from 7.0015 yesterday. On the exchange-traded market, the yuan also ended at a record 7.0008, up from 7.0015 previously, a Guangzhou-based trader with a foreign bank said. The yuan traded between 7.0004 and 7.0021 on the OTC market and between 7.0008 and 7.0015 in the exchange-traded market. The central bank set the yuan central parity rate at a new high of 7.0015 to the dollar this morning, compared with the midpoint of 7.0020 set the previous trading day. The yuan's daily trading band is currently set at 0.5 pct. kelly.zang@xfn.com