September 2 Non-dollar currencies analysis
The current round of dollar strength, not because of its economic strength, but other non-US
currencies entities financial problems. rebound the current round of the dollar index is only
121.02-70.68 between the huge decline in the amendment. Therefore, the dollar is not
reversed , Investors will be very repeated. Short-term dollar index of 78 and 80 in two major
locations will be under pressure.
① EUR today reference 14700 - 14550 - 14500 between the fluctuations.
② JPY reference to 108.50 today - 107.50 - 107.00 between volatility.
③ GBP today reference 18100 - 17850 --- 17800 between the fluctuations.
GBP still see rebound 18,300 and 18,500 two locations
Also: CHF11060/11080 can buy single region. 10830/10850 regional objectives.
For reference purposes only. Own risk
Tuesday, 2 September 2008
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