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Like a chicken that's had its head chopped off and continues to run around before keeling over...
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Thursday, July 14, 2011, 12:40 PM ETLike a chicken that's had its head chopped off and continues to run around before keeling over is how John Taylor sees the euro. In fact, the euro is only holding up against the greenback and the pound - 2 currencies that have their own issues. Measured against the franc, yen, aussie, loonie, gold ... the euro shows every sign of weakness.
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Sounds like the Obama ideology...
I expand upon this in my blog
seekingalpha.com/insta...
Euro strength is temporary, forex markets just waiting to the tide to turn...
Greece and Italy are only important with regard to their impact on the strength of the core to determine Euro strength, the Euro as a currency isn't going anywhere.