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5 Reasons for Current Euro Strength (And Why It Is Temporary)
Euro/dollar is significantly higher, after a convincing and healthy move. There are 5 reasons for this rise, that may not hold for too long. These levels are the highest level since Ben Bernanke announced Operation Twist, a move that sent the euro as well as most currencies, commodities and stocks plunging. Will this hold? 5 Reasons: Pumped up EFSF: The obvious reason is the hope that European leaders will agree to beef up the bailout fund, known as EFSF. This can be done via leveraging the current allocation and setting its size to between €2 to €3 trillion. Another idea is using the European Investment Bank ... (full story)
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