Disliked1. If national currencies are coming, why would the Euro Advance?
2. If the Chinese knew better and the Euro is NOT the new reserve, why is it going to advance to 1.50
3. How will the Chinese be paid handsomely if they "knew better" and the Euro is/will be the new reserve currency and it's goint to 1.50 ?
alles ist klar??Ignored
1. Everybody will not buy the Euro, when the masses are buying someone is selling. That´s a political issue. That leads directly to question 2.
2. The Chinese are holding the largest USD reserves, dont they? They love to buy cheap. Remember the mass media drivel about the dire situation of the Chinese holding all those USD reserves, when the Euro was up at 1,60?. They love that stuff, i wonder why.
3.See 2. I said, one more distribution rally. The USD will be a very precious commodity very soon.
Remember, what moves the currency markets is not the NFP report or some other nonsense. That is just entertainment for the masses. The market is moved by politics, the so called economy is just going along with it.