Thursday, May 8, 2008

8 May Euro target 1.5330 almost reached

Euro hit 1.5332 at Asia open 8pm ET. 2 pips short of my forecast of 1.5330.

It is errie, isn't it.

Update 5:40 am ET
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Euro broke 1.5300, depressing indeed. I am looking at a test of 1.5200.

Roubini spoke at the forum at Council of Foreign Relations on 25 April. indeed a depressing picture for US.

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