How Deep Will The Euro/Dollar Correction Be?
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Jesper Dannesboe, chief currency strategist at Dresdner Kleinwort Wasserstein, discusses the euro's opportunities for medium-term investors, and the dangers of spectacular trend reversals for short-term speculators
Based on the extreme market positioning of short-term speculators, it is possible to argue that E/US$ should trade sharply lower. However, this would be a premature conclusion. We see the recent move lower as part of a correction which will reduce long speculative positions, thereby
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