Thursday, August 31, 2006

Buy Euro...

Today the ECB held rates steady but in the comments it is clear that they are leaning toward higher rates. Trichet said that "Indicators show significant improvement in Economy" and that strong vigilance is essential. With U.S. numbers clearly slowing (we will see a weaker employment number tomorrow) and Inflation ebbing (PCE deflators and core both lower) the interest rate differential is moving more and more in the Euro's fvor. Sell dollars whereever you can !



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