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Previously expecting the euro to see $1.55 in coming months, Goldman's Thomas Stolper scales...
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Wednesday, September 14, 2011, 3:24 PM ETPreviously expecting the euro to see $1.55 in coming months, Goldman's Thomas Stolper scales back - for reasons obvious to anybody who's been reading the papers - his expectations. However, his long term view of "broad dollar depreciation" remains unchanged.
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I am guessing they were short this trade while pushing their clients to go long so perhaps he did his job after all.
If Joe Lavorgna can't get fired who can?