EUR

The intra-day low of 1.9620 HELD after better than expected US Home-prices tossed Euro from High of 1.3450 to low of 1.9880 and Retracing
Having Held the onslaught of Dollar and Holding above todays intra-day-low will see Euro recover all loss of now to retake 1.3450 levels b4 close

hi,all ashraf, how r u ?...you still stand on u r point taht euro 1.16 for q2.......

Well, I bailed at 1.2997, but only because I am going to be away for a bit with no reliable or secure internet and I wanted to leave flat. Will be interesting to see how high it goes above 1.3. I guess it's going to need some more news or data to actually trigger this.

Good luck to all.

obvious enough UST 10 y and German bund 10 y yield differences narrow ...in favor of Deutsche Mark but of EUR? Not sure here.
I have noticed a couple of oddities.
First those banks not being supported by the rescue package or other means previous to the issue of the aid their capital had sropped significantly comapred to early 2009.
Next the 3.8 billion euro capital need is less than 10% of what was expected by various analysts.
In fact the EUR woes remain ... one currency for all doesn't work and the spread widens.
EUR is and has been supportive of Germany Netherlands and that's it.
As there is always some latency and inertia I think EURUSD will eventually exceed 1,31 if USDx weakness continues ... but we are not in a kind of risk-off