Santa Didn’t Like Euro This Time
December 28, 2011
After days of quiet, Euro decided to head south today. Is it really on track towards 1.26 to 1.28 and then 1.20 to 1.23?
Oh, and SNB won’t like it either unless their swiss franc also depreciates against dollar to keep up with euro; otherwise, they are not going to be happy to see EUR/CHF fall below 1.20.
via FOREX-Euro hits 10-year low vs yen, dented by stops | Reuters.
