Monday, February 8, 2010

Euro to peak out

Feb. 8 (Bloomberg) -- The euro may have already peaked against the dollar this year and be heading for further declines for the balance of 2010, according to MIG Bank SA...
http://www.bloomberg.com/apps/news?pid=20601109&sid=aJsbvt9hFlig&pos=15

Comment:  The question no longer is which currency is better than the other currencies but which currency is less bad than the other currencies. Our prognosis is that we will enter a phase of high volatility with no clear direction.

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