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I am expecting a little recovery in the Euro, back to $0.90, before
continuing its decline.
The real playable move will be in the Yen, which needs to make a move on
the scale of the Euro decline ($1.17 to $0.85) to boost the Japanese
economy. At the moment the yen is being artificially supported by the
repatriation of assets by corporations in the process of retrenchment.
Once this stops...
Regards
DanG
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