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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
This action is having a significant bearish effect on USD/JPY and also means that China is again a net buyer of EUR/USD in the FX markets.
I did lpng eur/jpy 110.15 last friday .could i see 111 in near future?
thanks
regards
hmmalik
Ashraf
Defying Others, Germany Finds Economic Success
"Germanys partners have cajoled, begged and demanded that the government in Berlin encourage more robust consumer spending, to combat imbalances among the countries that use the euro currency. But Ms. Wiblishauser said she was saving all she could, worried that the public pension system she was paying into might not be there for her when she retired.
And she found the prospect of more bailouts for heavily indebted European governments, like this years contentious rescue package for Greece, deeply distasteful. Like many Germans, Ms. Wiblishauser said she was having a hard time seeing the benefits the country received from being a member of the European Union.
I would really like it if we were autarkic, like the Swiss, she said."
http://www.nytimes.com/2010/08/14/world/europe/14germany.html?_r=1&hp
USD weakness is impossible with mathematical precision