UBS Upgrades Euro Forecast as Currency Rallies
WSJ.com MarketBeat blog reporting:
UBS cranked up its one-month euro forecast by 6% — a big revision from the world’s second-biggest currencies dealing bank and a further sign that the common currency’s current rally is taking even seasoned market-watchers by surprise.
Yen, Euro Rally Against Dollar
The dollar was hammered lower Tuesday, taking the euro over $1.32 and falling under 86 yen, after a report that the Fed might be considering further monetary easing and after the Japanese Finance Minister appeared to step back from intervention.
Wasn’t the Euro supposed to break up according to the experts? ;)
Teresa Lo 2:59 PM on August 3, 2010 Permalink | Log in to Reply
What a difference a rally makes, eh? At the bottom, remember Hans Redeker was the new It Boy making the call for parity?
Pete 3:59 PM on August 3, 2010 Permalink | Log in to Reply
Rallies heal all wounds! lol