| May 02 |
Speculation against the Euro is a false bad news
Firstly, the emotion on the speculation of hedge funds is not justified. Hedge funds have been reduced by two and the $ 1 trillion they represent a range of different funds, some of them acting on the foreign exchange market. This amount represents less than the value of daily transactions on the exchange market. They do not in any way the ability and mean to destabilize the euro and speculation to $ 1 dollar interest. The future market is still three months was $ 1.30. We have to stop back by the specter of a speculation on Sterling by George Soros twenty years ago: the foreign exchange market was smaller and we did move the Sterling £ 1 billion. The pound is a currency that does not count anymore. (more…) |
