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投稿日：2010年06月07日 (月) 22時33分
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If you follow FX you should ignore what the elected officials are saying. If anything, trade against them. Focus on the ECB and what they are doing. In this case they are doing nothing for the Euro. There have been rumors and suspicious market moves that make it possible that the ECB has been involved with sub rosa currency intervention. It is my belief that they have not been in the market. Based on that I conclude that the ECB wants the Euro lower. It would provide a big boost to the entire region. It is very beneficial to the German economy. At the end of the day that is all that matters.
It should be an interesting week. Another five days of losses for the Euro without a visible response from the ECB would confirm the policy of ‘ orderly retreat’. That could set up a summer of weakness for the Euro and across all markets.
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