People need to accept the reality that a strong EUR/USD is a good thing for US stocks (not so much for European exporters, but who cares about them?).
Thursday, April 17, 2008
Euro bulls taking charge?
The battle between buyers and sellers of EUR/USD around the $1.5850 level has intensified during this past week (notice the rising volume). It will be interesting to see how the Euro finishes the week. I think we'll see $1.60 by tomorrow morning.
People need to accept the reality that a strong EUR/USD is a good thing for US stocks (not so much for European exporters, but who cares about them?).
People need to accept the reality that a strong EUR/USD is a good thing for US stocks (not so much for European exporters, but who cares about them?).
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