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Thread: Euro plunges through key support level of $1.25

  1. #1

    Default Euro plunges through key support level of $1.25

    The bailout is not even a week old and the Euro is being hammered.

    The euro declined below $1.25 for the first time since March 2009, and traded at $1.2490 as of 10:02 a.m. in London.
    Euro Declines Below $1.25 for the First Time Since March 2009 - Bloomberg.com

    Next support could be 1.215

    Its at 1.247 now.

    Another emergency weekend summit?
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

  2. #2
    GDPR Deleted
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    Quote Originally Posted by Cassandra Syndrome View Post
    The bailout is not even a week old and the Euro is being hammered.



    Euro Declines Below $1.25 for the First Time Since March 2009 - Bloomberg.com

    Next support could be 1.215

    Its at 1.247 now.

    Another emergency weekend summit?
    It wasn't a bailout of the Euro. Twat.

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    Excellent. We're more exposed than any other Eurozone country to a high Euro, due to our reliance on the UK and US markets.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

  4. #4
    Gimpanzee
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    Quote Originally Posted by hiding behind a poster View Post
    Excellent. We're more exposed than any other Eurozone country to a high Euro, due to our reliance on the UK and US markets.
    no, no.... Cassie used the word plunge, so it can only be bad news.

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    It's mostly good news alright (for us at least) and was an inevitable consequence of the measures to prop up the euro zone.

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    This is good.

    Its the 'devalue' part of the 'withdraw and devalue from the Euro' agrument we've been hearing, without the nonsense of 'withdraw'.

    Unless of course its a harbringer of the collapse of the Euro.

    But if it does collapse, nothing matters much anyway.

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    Quote Originally Posted by tonic View Post
    It wasn't a bailout of the Euro. Twat.
    Not intended to protect the eurozone?

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    Quote Originally Posted by Gimpanzee View Post
    no, no.... Cassie used the word plunge, so it can only be bad news.

    And 'key support level'.

    It 'plunged' [very bad] through the 'key support level' [worse again, because this support level is key].

    To the bomb shelter, make haste. Bring the tinned goods.

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    Politics.ie Member rhonda15's Avatar
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    meanwhile gold continues it's upward trend
    "The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.'' ~ J. Edgar Hoover http://tiny.cc/b2jo9

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    Quote Originally Posted by tonic View Post
    It wasn't a bailout of the Euro. Twat.
    Oi....you don't think that the weakening Euro is not a direct indicator that the world does not have any faith in the bailout??? The whole purpose last weekend was to give confidence to the world that the EU was going to work out a solution. The weakening euro says that no one believes it was enough or that it was doable.....connect the dots will ya!!!

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