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The euro slumps to its lowest level in a month following the EU recession deepening in Q4....

The euro slumps to its lowest level in a month following the EU recession deepening in Q4. Germany (EWG -1.9% premarket) contracted 0.6% in Q4 - its worst performance since the financial crisis, primarily because of slowing exports. One shakes one's head at the euro's powerful 2013 rise - it made no sense other than to carry out euro shorts on a stretcher. FXE -0.9% premarket. 
Comments (3)
  • Paulo Santos
    , contributor
    Comments (17862) | Send Message
     
    It made sense because every other large currency (USD, GBP, JPY) is not being managed as a currency but instead as funny money to be printed willy-nilly. EUR is the last currency still being managed as a currency.
    14 Feb 2013, 07:15 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Actually nothing makes sense right now...strong what???? and gold and silver are down??? hold on tight..this last battle is going to be a good one...my bet is on gold and silver...but thats just me
    14 Feb 2013, 07:27 AM Reply Like
  • TigerBean
    , contributor
    Comments (19) | Send Message
     
    "The euro slumps to its lowest level in a month..."
    Slumps to its lowest level versus what? Since August last year the Euro has slumped ~10% stronger v the USD and ~10% stronger v the GBP. Is it possible to slump upwards?
    14 Feb 2013, 02:51 PM Reply Like
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