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2010: Much ado about not a lot (unless you were short EUR/AUD)

By   || December 30, 2010 at 22:36 GMT
|| 3 comments || Add comment

Compared with December 31st 2009, nothing much has changed for the US dollar in particular. Despite predictions of doom and announcements of more debt issuance, life goes on for the USD. The greenback gained about 7% against the EUR and gained about 5% against the GBP; it lost 5% against the CAD, 8% against the CHF and 13% against both the JPY and the AUD. Once again this just goes to emphasise that Asia is presently the world’s economic growth centre.

If these trends continue, EUR/JPY will be trading below 90.00 on December 31st 2011.

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3 Responses to “2010: Much ado about not a lot (unless you were short EUR/AUD)”

  1. Chris on December 30th, 2010 23:01 GMT
  2. SergaNet on December 30th, 2010 23:08 GMT

    I thank Sean!
    To you too good luck, health, well-being and happiness in coming year!
    When after New Year you start to work? I will look narrowly now to EUR/USD. One more question if it is possible Sean, truth, what BOJ can carry out intervention in the beginning of year? I watch closely for JPY. Your opinion Sean. Thanks!

  3. Chris on December 30th, 2010 23:18 GMT

    Greens push for mining tax to fund uni
    AUSTRALIAN Greens leader Bob Brown has outlined his party’s agenda for 2011 including a proposal to us the proceeds of a mining tax to provide free tertiary education.
    http://www.couriermail.com.au/ipad/greens-push-for-mining-tax-to-fund-uni/story-fn6ck4a4-1225978951582

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