As we eagerly follow the economy and the European situation, some of us have put our nose to the line and made our opinions on certain items, such as the EUR/USD cross rate.
Last week I discussed this with a friend of mine nicknamed Tripod. Where he thought to short the Euro would be a no brainer and I was of the opposing buy view.
It looks that he is turning out to be correct, initially. The Euro has hit a 1 year low vs the USD this last week. However, with it being 2 cents below the previous low - and with the last drop on Friday being a massive 4 cents... who's to say there is any support of a stronger Euro.
I feel a bit duped actually, kind of like when I stayed up late to watch our Australian Samantha Stosur get whipped in straight sets at the French Open finals only to give in to a fiesty and gutsy Italian Schiavone.
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