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 Forex Version XVI, Foreign Exchange Market Discussion

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my44
post Aug 12 2015, 03:51 PM

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Anyone can give opinion about what's EUR/USD currently? Don't worry, I won't saman if you got it wrong. Hehe. Just want to know why the relative strengthening is happening on EUR now.

My uneducated school of thought is that since CNY devalue to become more competitive, so will USD and EUR? Or I'm just talkingcock? Hehe.

I'm not trader. Just need to exchange some money to EUR for cuti cuti oversea next month. That's all. Jangan fire me ok.
my44
post Aug 12 2015, 04:31 PM

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QUOTE(sleepwalker @ Aug 12 2015, 03:57 PM)
I already answered that last night. Greece has secured loans to pay off debt on Tuesday which started the . CNY devaluation hits AUD hard as I have mentioned before that events in CNY hits AUD the hardest.
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Ahh ok good point re: Greece. So it's a feel good/confident factor la.

When CNY devalue, would the ECB feel that EUR become less competitive? Especially when eurozone QE seems to me is to export their products more to get the economy back on strength.

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