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Will the Euro See $1.60 and the Dollar JPY80 ?

October 05, 2009
Sentiment toward the dollar is clearly negative. Some observers cite structural factors; other cyclical. But how negative is market sentiment?
The first place to look may be surveys. News wire surveys put the consensus for the euro in Q4 09 and Q1 10 around $1.45. This is close to the forward rate of about $1.46 for both periods. Howev…
Will the Euro See $1.60 and the Dollar JPY80 ? Will the Euro See $1.60 and the Dollar JPY80 ? Reviewed by magonomics on October 05, 2009 Rating: 5
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Treasury Supply Weighs on Dollar Sentiment

October 05, 2009
The US Treasury sells $78 bln in notes and bonds this week and $60 bln in bills. The continued deluge of supply weighs on dollar sentiment, especially given indications from the G7 that the pain threshold to stop the dollar's decline has not been reached. The auctions begin with $7 bln 10-year inflation protected security and the bills toda…
Treasury Supply Weighs on Dollar Sentiment Treasury Supply Weighs on Dollar Sentiment Reviewed by magonomics on October 05, 2009 Rating: 5
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Make Me: The State of U.S. Manufacturing

October 02, 2009
The United States has been hollowed out. It no longer manufactures goods. Once the factory of the world, the U.S. now manufactures debt. The high wage manufacturing jobs have been out-sourced to low wage economies. The demise of U.S. manufacturing is at the core of the decline of America, its chronic trade deficits and growing international in…
Make Me: The State of U.S. Manufacturing Make Me: The State of U.S. Manufacturing Reviewed by Marc Chandler on October 02, 2009 Rating: 5
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Euro Run Back to $1.4850

October 02, 2009
The euro broke below $1.45 support briefly in the knee jerk response to the disappointing US jobs data. However, more critical support near $1.4470 held and the euro has made new highs for the session. While the close will be important, the price action suggests the nearly 2 week and 3.5 cent correction may be over. Good buying was reported from s…
Euro Run Back to $1.4850 Euro Run Back to $1.4850 Reviewed by Marc Chandler on October 02, 2009 Rating: 5
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Zloty To Reverse

October 02, 2009
News that the zloty dividend had to a large extent been hedged by Dutch-based Eureko has helped the Polish currency recover from the 10-week lows against the euro reached earlier today near 4.30. The resolution of the PZU-Eureko dispute is seen as removing a negative. In addition, an economic advisor to Poland's president and a candidate for…
Zloty To Reverse Zloty To Reverse Reviewed by Marc Chandler on October 02, 2009 Rating: 5
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