Monday, October 02, 2006

Market is bearish towards Euro


It is anticipated that the euro will have a worst decline since June due to the slowing European economic growth according to a report by Deutsche Bank AG. It is possible that due to the European Central Banks increase of the interest rates on overnight loans between banks have been increased steadily , the ECB may cut down on the interest rate and so the euros's rally may end.To me the euro seems bullish at the moment , but there are others who feel that the euro is still bearish.... well lets see what eventually happens !!!!

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