Discussion in 'Economics' started by Debaser82, Apr 12, 2011.
1.45 as we speak.
Where does it end....
it's china, if you ask me. they've got some vested interest in keeping the piigs afloat.
i'd never have thought such a worthless currency could get so high, but i guess it's only high if you compare it to an even more worthless currency.
when you look at it vs. the aud or cad, it's not all that hot.
Yes, neither is it performing well against the CHF over a bit longer in time.
On the other hand, given how weak the Euro was against all currencies a bounce was to be expected.
So should the USD get its bounce but jezus from what level...
When the central bank raises the rate for a currency, get long that currency. When the central bank lowers the rate, get short. USD is trash because you can't get jack for it in a deposit account.
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