Barclays Capital has issued report that USDCHF is locked in a clear downtrend. They said that the way is clear to parity and possibly the 2008 low of 0.9640.
Meanwhile other leading FX agents are jumping on parity for USDCAD & EURGBP. Alarms are set in all quarters about worldwide index falls. If there is parity then FTSE, European, Nikkei, BSE all set to fall heavily as profit for all producers will fall.
Monday, 19 October 2009
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