Over the last few days we have seen large corporations move money out of European Banks and deposit the funds directly with the ECB. Seimens as an example moved 6 Billion Euros. The market has taken this as a bad thing but I look at it the other way - there was enough liquidity for them to move the money. We are seeing the Euro inprove against the Dollar and I think these are early signs that they have the crisis under control for now. It wouldn't surprise me if we actually see a weak Dollar for a while.
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesJune 2012 Categories |
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