DislikedI think Dexia news will be positive for the euro. Capital flows to yield, and for capital to flow to the usd there has to be real fear, because the us treasury yields are so low. The markets move money around with a very short-term outlook, generally. There may be real concerns about the interbank functionality, but if the wind changes and the smell of danger goes away, the lemmings will turn back fom the cliffedge and run toward short term profits.Ignored
Those who say it cannot be done should not interrupt those who are doing it