In the long term, I would go long on AUD Euro pair.
The Greece haircut really spooked markets, prompting markets to avoid euro debt . If the G gets a haircut, the rest of the piigs could too. So the ECB buys the bonds of italy and the rest- this equates to a country printing money to finance itself.
So wtf happens, before u know it most funds will avoid EURO altogether.
The Greece haircut really spooked markets, prompting markets to avoid euro debt . If the G gets a haircut, the rest of the piigs could too. So the ECB buys the bonds of italy and the rest- this equates to a country printing money to finance itself.
So wtf happens, before u know it most funds will avoid EURO altogether.