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Sarkozy has a change of heart on euro rate

By   || March 11, 2010 at 15:17 GMT
|| 12 comments || Add comment

Sarkozy says he is not in favor of a weak euro, according to a wire service headline.

That’s a bit of a change of heart for the French president who was anything but shy about talking down the euro when it was near the 1.50 level. Greece’s near-death experience appears to have opened his eyes to the risks of a collapse in currency rates…

This area in the mid-1.30s is pretty neutral territory. Hard to see any of the central banks being upset with present EUR/USD exchange rates…

EUR/USD is ignoring the comments, trading at 1.3655.

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Category: All, Americas, Mkt Talk, Politics/Policy, Regions
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12 Responses to “Sarkozy has a change of heart on euro rate”

  1. JR on March 11th, 2010 15:24 GMT

    Sarkozy is the typical French politician who’s playing the anti-American card to get re-elected, http://www.nytimes.com/2009/12/15/world/europe/15iht-politicus.html
    http://www.nytimes.com/2010/01/28/business/global/28davos.html

  2. pipsquanderer on March 11th, 2010 15:26 GMT

    Looks like we are stuck between 1.3650 and the hourly trendline you mentioned once again.

    Prices were stuck there between 9-12 gmt. Now we are there again. Should break this area shortly.

  3. Annie on March 11th, 2010 15:27 GMT

    Sarkozy should have a talk with Obama and Larry Lindsay.

  4. Annie on March 11th, 2010 15:29 GMT

    Or maybe he’s trying reverse psychology

  5. Daniel on March 11th, 2010 15:33 GMT

    LOL Sarkozy is so funny when it comes to EUR :-)

    He is planning his hollidays in the US, that’s why he wants a stronger EURUSD rate !

    :)

  6. Dr.T on March 11th, 2010 15:39 GMT

    Nope – its the bulk Viagra that he orders is priced in USD :)

  7. pipsquanderer on March 11th, 2010 15:53 GMT

    Jr, you can’t play the Anti American card in France anymore. Obama has already apologized for us and is currently trying to replicate the French Healthcare system here in the US.

    We are now loved over there.
    Don’t you get it?

  8. Avinash on March 11th, 2010 15:58 GMT

    This is the real reason.

    Sarkozy asks Burni to end holiday with lover!!

    http://www.ptinews.com/news/559821_-Sarkozy-asks-Bruni-to-end-holiday-with-lover-

  9. creation on March 11th, 2010 16:00 GMT

    avinash..wad has tt gotta do with e/u ? lol…

  10. JR on March 11th, 2010 16:07 GMT

    I don’t see the Europeans investigating the former Greek government for fraudulently floating bonds based on bogus accounting- I see them blaming Goldman, NY and London. As far as I can tell, and despite their oh-so spartan digs in Brussels, the EU elite are just a bunch of dodgy, born into the manor, entitled dilettante aristocrats who’s agenda is to get the lower classes riled up against America, not them. But, hey, if the people of Europe want to pay the extra tax and maintain a ruling class, that’s their business.

  11. Steve on March 11th, 2010 16:15 GMT

    JR you are so correct!!!!!!!!!!!!!!!!!!!!!

  12. Steve on March 11th, 2010 16:18 GMT

    Its all rather pathetic really! it was’nt me, it was them. juvenile Bull****

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