Tuesday, October 5, 2010

Euro advances to six-months high against dollar

-- The euro advanced to a six-month high against the dollar as Europe’s services and manufacturing growth slowed in September less than initially estimated.
The 16-nation currency gained against most of its major counterparts on evidence that Europe’s economic recovery is sustainable. --
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Comment: I see not yet an end to the present euro rally. With Stiglitz and Krugman ever louder screaming against the euro - what better counter-indicator could you get?

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