Quote from Raul641:
- Portugal announces last year's budget deficit was much larger than they thought.
- They are expected to request a bailout at any time.
- Ireland says they will need another ââ¬24 billion to stabilize their banks
- Their debt insurance and yields are up
- "Late Wednesday, a plan to merge four troubled savings banks in Spain collapsed..." (http://www.nytimes.com/2011/04/01/business/global/01geithner.html)
...... and yet... EURUSD is over 1.42 now.
I don't get it.
...
So what's going on here....??
The market is usually ridiculous. You should be concerned if it starts to make sense. Right now 1.48 Eur/Usd makes sense to me given the contrasting policies of the EUCB and Fed. Yikes, something must be wrong.

