Euro Falls Because Greece Cannot Make up Its Own Mind
Does anyone still care about Greece? Seriously?
via FOREX-Euro falls on possible delay on Greek bailout | Reuters.
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Does anyone still care about Greece? Seriously?
via FOREX-Euro falls on possible delay on Greek bailout | Reuters.
At least, UBS does not think the single euro currency will do well in 2012. Their forecast now is 1.15 by end of 2012. That is if the world does not end.
Not long ago, UBS didn’t think the recent euro rebound would sustain.
And before UBS, BBH came out and predicted that euro would end at 1.24 by the first quarter of 2012.
via Forex Flash: EUR/USD could see 1.15 year-end – UBS – NASDAQ.com.
EUR/USD closed at 1.3220 for the week, the highest point we have not seen for a while. I wondered how UBS felt about it and whether they would stick to their “analysis” on 1/22?
UBS said that the recent rally in euro dollar was simply a relief rally. Even if euro breaks above 1.3050, they’ll still look for opportunities to sell. What do you think?
via Forex Flash: Firm conviction Euro short positions to pay off – UBS – NASDAQ.com.
Does this mean euro dollar may gap lower on Monday when Asia opens? Can’t wait to see…
via WORLD FOREX: Euro Weakens As S&P Downgrades Several Countries – WSJ.com.