Mr.G

Euro Slumps to Five Month Low Against the Dollar

people trading fx are going to get hammered left and right as each economy in the world shows signs of deceleration or negative growth -with high expectations of or inflation itself . No currency will be able to dodge these bullets -the real question is looking at fundamentals who is going to get hit hardest and how long will central banks be forced to walk on coals of fire while inflation rises and growth is non existant ? This run back to the dollar is short-mid term. 12 weeks tops . The big picture suggests a run to gold as weakening buying power and economic malaise engulfs each central bank into positions of indecision. The current deflation of oil prices suggests stagflation worldwide as opposed to a strengthening dollar -the money will return to commodities (with the exception of oil) as hedge funds and investors realize all bets are off with an expansion of the credit crisis bleeding into every industry /country on a global scale -