Quote:
Originally Posted by Lava
What does this mean for the Euro- plummeting on the news. Support for the US$?
Original way of providing support- maybe the US has had enough of the falling $.
Antone know what this means- I have never come across something like this: Appears they have created a tunnel of liquidity between Europe and US so more Euros travelling to the US- 28 billion $s. Not much to move the FX market but enough to get one thinking that the Euro train is limited and may be capping ST around here.
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Looks like the Fed is getting desparate. This is only a short term fix. While I am standing aside for now, I believe the Euro wil make another run for the top. The dollar is surely not any stronger. The truth is the Euro could correct another couple of hundred pips and still head back up.
