Re: While Europe Falters, So Does Dubai
Thanks 3x!
Sneaking a few peeks at market futures. US closed, but expecting further bearish pressure to favor US Dollar if bears continue their tear down on US indices.
Currently, EUR:USD pair remain within last week range. I don't expect any new lows until US financial news releases as of this Wednesday.
Another financial concerns besides the European PIGS (i.e.: Portugal, Italy, Greece and Spain) deficient economies is that of Dubai, which is quietly squirming as the international eyeballs of investors are growing impatient and losing faith in that once promising part of the world.
In all, a world-wide renewal of concern regarding large economies is likely to bring risk adverse investors to safe-haven currencies, of which the US Dollar remains the leading contender ... For now. So, there may be more fundamental news to inspire further strength in favor of the US Dollar, IMHO.
- Dalcindo
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