Friday, May 8, 2009

What good is it...

...to have lowered the rate, as the FT reports, to have the Euro soar against the US, with the back drop of a weaker EU economy?

I don't see anything to gloat over. Especially considering the fact that the EU stock markets in France and Germany, ended down yesterday.

So, I guess a cheap Euro, is better than a rudderless dollar?

Investors always surprise me. But, they make the money and not me.

The EU banned "shorting" of sorts, so this rise against the dollar- comparatively- is unexplainable.

I guess they needed something to cheer about!
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