Although the ECB has managed to stabilise sentiment towards the Euro to some extent, there are still very important structural vulnerabilities and sentiment could deteriorate rapidly. There will be unease over the threat of a US slowdown, especially given the sharp consumer credit drop. The dollar will, therefore, find it

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Looking For Euro Selling Opportunities

Euro and Pound Rally, Aussie Slides on China, Dollar Weak vs. Yen Euro Shows Surprising Strength on Financial Market Developments Euro gains on successful Spanish government bond auction. Spain managed to sell the maximum intended EUR3.5 billion of five-year government bonds

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Euro and Pound Rally, Aussie Slides on China, Dollar Weak vs. Yen

Go Google news on “China labor strikes” and you’ll find plenty of recent articles about the latest worker strikes throughout the country (notably at the Honda plants). We’ve talked about the threat that social discontent could prove to be to China’s economy should China fail to realize double-digit growth

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Bringing Down the Communist Party … and the US Current Account Deficit