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How to play the euro’s comeback

Posted on 18 December 2012

Europe’s currency is toughening up, in part because fiscal crises in the US and Japan suddenly seem much more dire. But how long will it last? The euro had been in decline against the dollar and the yen since the end of February through July 24. After a rally through Oct. 17, it dropped again until Nov. 13. During those specific declines and during that seven-month period in general, money flowed into dollars and yen and into assets denominated in those currencies.
A rising dollar weighed on the price of commodities such as gold and oil. Japanese exporters found themselves at a painful disadvantage in selling their goods — such as cars — to European customers who weren’t inclined to buy anyway as their economies slipped into recession…………………………………….Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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