Re: Buy Euros?

>>"I don't trust Euro."

Great motivation in financial decisions <<

@ Elliot

This is EXACTLY the postition of Investing.  Its all about a state of mind, and nothing else.
Negative/possitive news/info is THE SINGLE most important mover of market forces.
Financials are secondary.

Come .......joust w/the master.
I'm always Right.   You are just intellectually Left.....behind.
Individual patriot, and a REAGAN Conservative.

Re: Buy Euros?

Elliot

I've deleted my post since but the reason I said I didn't trust Euro was because I suspect European central bank may have some interest rate cuts further down the line as rates have been pushed too high IMHO especially if things get worse from here. That plus I'm wary of the concept of Euro as a regional currency until the EU becomes more integrated economically, politically...etc etc.

So alot of it is gut instinct but there's some "logical" reasoning behind it as well. Prefer Yen in the LT. They are more likely to raise interest rates from here plus there's still unwinding of carry trade. Chinese yuan if they ever decide to make it a convertible currency as well, though it will get hit hard at first.