|
|
Article: DailyFX Analysts Maintained a Bearish Bias Against the Euro to End March, Where Do They Stand Now?
- Article from:
- Mena Report
- Article date:
- April 22, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Summary: DailyFx analysts correctly bet against the Euro at the end of March as the single currency fell over 700 pips against the dollar. However, the U.S. government...
DailyFx analysts correctly bet against the Euro at the end of March as the single currency fell over 700 pips against the dollar. However, the U.S. government announcing that it would commence quantitative easing measures would lead to a spike higher for the Euro before its current descent, offsetting future profits for those who got in too early. A pick up in risk appetite would also push out the decline for the EUR/JPY as it remained supported throughout the end of the month. After the U.S. ...