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Lagarde pleased with stronger dollar

By Jamie Coleman  || February 9, 2010 at 13:31 GMT
|| 5 comments || Add comment

We have always wanted a strong dollar and and it has appreciated so European exporters can only be pleased, The Frecnh Finance Minsiter says.

ECB’s Nowotny says that contagion risk has to be taken seriously ad says the Greek situation is different from Spain and Portugal. EUR exchange rates are currently not a matter of concern, Nowotny says. Nowotny decries the actions of hedge funds in the crisis and says they should try and take action against it.

EUR/USD trades at 1.3750.

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5 Responses to “Lagarde pleased with stronger dollar”

  1. james on February 9th, 2010 13:40 GMT

    i am new to the forex, i know stock market is related to the forex market, which US market indices do you guys look? dow? NASDAQ? or something else?
    thanks

  2. Bear on February 9th, 2010 13:55 GMT

    Hi James and welcome, as FX is 24hrs its best to watch the electronic futures.. ESH0 – S+P mini contract, YMH0 – Dow Jones mini contract for a general feel of the stocks. At the moment there is again very high correlation between the stock indicies and the Yen pairs. hope it helps

  3. ALI on February 9th, 2010 13:56 GMT

    Dow Jones Mini + S& P

  4. ALI on February 9th, 2010 13:56 GMT

    For European Session “Dax”

  5. Adje on February 9th, 2010 13:58 GMT

    S&P



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