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[dalcindo]

Re: Eurozone Troubles vs. USD

These problems have been in the mind of traders all along, and likely discounted in the overall risk sentiment.

The leading economies of Europe still remain Germany (e.g.: manufacturing and exports), France (e.g.: major exporter of artillery contracts to the middle east), and Great Britain (e.g.: finance).

The surrounding economies are supportive (agriculture, construction, etc), albeit essential supports. Still the FOREX investors look to the problems of these central pillars, which in turn are seen carrying the burden of peripheral countries.

It is not impossible that the Eurozone gets trimmed down in the future, especially if a recession is hitting it once more, such that the discussion about kicking Greece out for instance (this subject is but a few months ago), may become a real piece of the agenda. Who knows.

D.