The Euro has been an important trading currency since 1999 launch. The Dollar denominated debt coming under fire - $3 trillion wiped off and another $4 t to come from household debt (?) DB and RBS and ING compare well with US banks esp with the stress test criteria and market attitudes both getting more positive market vibes. However, most of the world had not moved alt currency from the USD to EUR last we heard. The same may still not be the final solution as CHN chooses $GLD but it will be an umportant part for the international world with the USD shaky for another 2 years. Also, gunning for $EUR is the fact that ( probably naively) most of the CDOs and the monolines have exposure to the USD than to the EUR and the cash economy of Euro-nation is firmly in EUR and payment systems seem to have begun homogenizing in earnest. It is free floating, dealt by large proprietary desks and it can take the volume of global trade. The currency uptick and trends may still be called at more frequent stops by others with the comfort of no Glas-Steagall, but for the investor looking for an hedge, the time to move is now. Did you notice a certain acceleration in trends nowadayz??? The analuyst is a Senior Exec and writes his wn blogs in and around http://advantages.us, as zyakaira on new media and some mashups as zyaada..i'm sure you get the spread :) Some media analysts are pointing to a immdt lull and a target at 137 but I wd be much more bullish
$136.06351 (05/19/09)
