France’s Sarkozy: Euro-dollar exchange rate still too high

24 Responses to “France’s Sarkozy: Euro-dollar exchange rate still too high”

1. terow on January 13th, 2011 11:03 GMT
   

   conspiracy to decreasing the rate?
2. Syd on January 13th, 2011 11:03 GMT
   

   Why, why, why???? And I’m short EURUSD!
3. Pablo on January 13th, 2011 11:04 GMT
   

   Does he even know what the current rate is?
4. Frank on January 13th, 2011 11:06 GMT
   

   The rates too high but they want to see successful bond auctions… :S
5. Syd on January 13th, 2011 11:07 GMT
   

   Do these guys talk to each other..
   “You ready?”
   “Wait, just have to log on…ok, going short now. Go.”
   “To the gathered media, I believe the exchange rate is still too high.”
   “WHAT??”
6. tomcat on January 13th, 2011 11:07 GMT
   

   Central Bankers think that the fair value is more around 1.2… don’t laugh!
7. Dara on January 13th, 2011 11:08 GMT
   

   I agree.

   1.25 would be nice!!
8. Rogue Order on January 13th, 2011 11:11 GMT
   

   1.22 is the average for the life of Euro so i would agree its overvalued, it’s also my new profit target for 2011
9. George on January 13th, 2011 11:13 GMT
   

   Sarkozy – who is he? Looks like he is coming after a long hibernation
10. terow on January 13th, 2011 11:13 GMT
    

    the rate suppose to be USD/EUR 1.3
    LOL
11. Dara on January 13th, 2011 11:14 GMT
    

    Is the Airbus deal priced in dollars?

    If so, wouldn’t the Indians want a more favourable rate?
12. Yasser on January 13th, 2011 11:25 GMT
    

    Hi Gerry still sell aud at parity the way to go.thks
13. ROB on January 13th, 2011 11:25 GMT
    

    The current rate of 1.31 doesn’t represent purchasing parity which I believe is somewhere near 1.2 – it’s a price that reflects which currency, nations(s) you dislike the most.
14. dubsy on January 13th, 2011 11:26 GMT
    

    Send your rabbit round to give him a slap !.
    That will give them something to write about.
15. Annie on January 13th, 2011 11:35 GMT
    

    Isn’t Sarkozy just full of himself today. What an ass
16. Yasser on January 13th, 2011 11:39 GMT
    

    Hey Annie what’s on the table I hv nothg today what u thinking
17. Annie on January 13th, 2011 11:41 GMT
    

    I have nothing either. I was thinking going long euro 1.3125 until Sarkozy opened his mouth. I don’t like to trade when I’m emotional
18. ROB on January 13th, 2011 11:46 GMT
    

    I’m long USD/JPY – shorts capitulated a couple of days ago on EUR/CHF which means that think the Germans and French have no choice but to pull out the stops and help the PIGS. It’s in their interest anyhow as the exchange rate is driving their exports. The CHF has gone and I think the Yen will follow especially if all this good news feeds through to yields, even if it doesn’t maybe some traders will look for the door.
19. ROB on January 13th, 2011 11:51 GMT
    

    Not sure of the Euro trade at the moment I would buy Euro at 1.3090 or less today.
20. TomSchultz on January 13th, 2011 11:53 GMT
    

    One usually measures PPPs over homogenous economic areas. But which economies should we compare? U.S. and Germany or U.S. and Greece?
    If we accept this inherent flaw, we can conclude that Euro is ~10% overvalued vs USD according to University of BC, Vancouver.
    Swiss Franc is the leader with 65% overvaluation, AUD 50%, JPY 40%, NZD, CAD 30%, GBP close to fair value.
    http://fx.sauder.ubc.ca/PPP.html
21. Pablo on January 13th, 2011 11:59 GMT
    

    Hi Annie, did you go short eur/usd yesterday?
22. Annie on January 13th, 2011 12:07 GMT
    

    No at the moment I am flat
23. Gerry Davies on January 13th, 2011 12:27 GMT
    

    Sorry missed comment earlier Yasser. You’ll probably get better levels to sell given current momentum.
24. Syd on January 13th, 2011 12:36 GMT
    

    Spoken like a true pro, Gerry.