and US debt will be long lived, so...
Euro-phoria Will be Short-Lived, Says FX Concepts' Lock
The euro should get a boost from Tuesday's agreement on a EUR130 billion aid package for Greece, but the celebration will be short-lived and the common currency could drop as low as $1.20 by fall, Bernard Lock, head of Asia Pacific for currency hedge fund FX Concepts, told Dow Jones Newswires "Beginning in April and May we should find the euro weakening. The knee-jerk effect of Greece staying in the euro zone will wear off and the long-term forces of demand and supply will kick in," Lock said in an interview on the sidelines of the Asia Forex Forum conference. Part of his bearish euro view is based on the belief ... (full story)