Coming from the German chief economist of the ECB, comments that the worst of the economy has passed is about as an upbeat a take as you will ever get!. He was quick to point out that there are big risks and uncertainties still, so it is too early to sound the all-clear on the economy.Inflation will stay below 2% for 2010 and likely beyond. This implies low rates for a long time…
EUR/USD sits at the low of the day as the market continues to buy rallies and sell dips, the precicely wrong way to trade a range-trading market. We are now at 1.4252.
The gold rally of recent session had helped rev-up the “dollar going to zero” crowd for the 4,000th time this summer…
