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The euro has time to play with…just
Right now, the euro is benefitting from the fact that time is on its side. There’s no doubt that yesterday’s increase in ECB rates will not help the periphery out of their current problems, but the impact of this is not going to be seen for some time to come. Furthermore, the Portuguese request for some sort of bail-out (we may get more details on this today) has, if anything, been taken positively by the single currency, as it removes a major uncertainty from the markets. But there again, whilst there is the initial relief, there remains the wider issue that whilst three countries have now received a rescue ... (full story)
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- Apr 8, 2011 7:09am Apr 8, 2011 7:09am
- hervedv
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- fxpreacher
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- Trout
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- mrgreen
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In trading, there is no bullshit. You either make money or you don't.
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- hervedv
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- Trout
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