Thursday, November 4, 2010

EUR: Trichet is likely to cause a direct impact on the euro

When cornered dollar frantically diversifying their reserves of Central Asia in the direction of the major currencies (such as the euro, pound and Australian dollar), it is not surprising to see that the euro this morning was 1.42. There is no doubt that the dollar's weakness, the actions of the Fed's aggressive in the second raid on the quantitative easing and the strength of the euro - will be the main subject of discussion at today's meeting of the ECB. Do not expect any changes on the results, but it will be very interesting to hear comments on these issues Trichet at a press conference. The euro, he is likely to cause a direct hit. However, it can be more courteous on quantitative easing, a policy which frankly scares some officials of the euro zone, especially in the Bundesbank.

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