above .4 are option barriers and they'll be protected.
below .3700 are buyers because they believe QE2 is coming on strong.
Greece is headed towards default... which won't help the euros cause.
Those who are well versed in econ should know that the euro is in a ton of trouble.
Oh... I know... so is the US but until it isn't - the dollar is still the safe haven.
The dollar is under pressure because dollar killer Bernake is on the prowl.
stan
below .3700 are buyers because they believe QE2 is coming on strong.
Greece is headed towards default... which won't help the euros cause.
Those who are well versed in econ should know that the euro is in a ton of trouble.
Oh... I know... so is the US but until it isn't - the dollar is still the safe haven.
The dollar is under pressure because dollar killer Bernake is on the prowl.
stan