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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (25760)	12/21/2009 9:37:48 AM
From: ggersh	Read Replies (1) \| Respond to of 71456

Goldman Repeats Tactical Weaker-Dollar Bet as Currency Advances 2009-12-21 07:10:50.932 GMT By Justin Carrigan Dec. 21 (Bloomberg) -- Investors should seek opportunities to bet that the dollar will decline against the euro and the pound, Goldman Sachs Group Inc. said. Goldman's recommendation came even after trades the bank had suggested went the wrong way, for a "potential loss" of 1.8 percent on dollar-euro and 1.1 percent on dollar-pound. "Timing was clearly not optimal, and we were too early in fading the recent improvements in U.S. data and the impact of Greek budget tensions," analysts at the bank wrote in a note received today. The U.S. "balance of payments situation remains very dollar negative. We would therefore continue to look for opportunities to position tactically for dollar weakness."