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发表于 2010-12-13 11:26:29
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shanghai bc 22:33 GMT November 25, 2004 Reply
It is not the Euro buying that pushes up Euro..It is simply the reducing the Dollar mountains that is pushing up the Euro..The world is still full of Dollars with very little Euro..US Treasury and the Fed folks finally showed their last card,the Dollar devaluation card and the market is faithfully following their wish..For Asia,that means simply reducing trillions of Dollars of savings into something which is not Dollar,like Gold or Euro.. ECB or BOJ may have a tough time even with their interventions when US side is waving their Dollar devaluation flag in public..Under the present environment,the floor of Dollar is when US Treasury feels fear of Dollar asset collapse if Dollar starts fast collpase at some stage..At the present leasurly decline of Dollar and Dollar assets doing fine,US Treasury will be rejoicing now..Maybe the Treasury folks are thinking,who cares about you,Eu or Japan,it is all your fault we have to devalue Dollar.. |
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