Monday, May 24, 2010

Commodities priced in euro are breaking down as well

Well, the euro seems to be stabilizing. May be some more days of shaking out  weak hands, and we will  climb higher, toward, at least, 1.32-35.
One of the tings supporting the single currency, I see, is the beginning of the commodities decline. The CRB priced in euro has rolled over, just as it did before in USD:

No comments:

Post a Comment