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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
If ECB or BOE hike the rates then it will be an historical mistake , too early now ,in order to fight unemployment they both should depreciate the GBP and EURO since Euro opposite of DXY means commodity value currency ,the price stabilization may be achievied only by apreciation of DXY
a: does not reduce inflation
b: increases M3
c weakens Euro
Thus my bet is after ECB rate decision assumed 25bp hike short EURUSD around the peak 1.43