The anomalously high euro reflects expectations that China will provide financial support to Europe and the euro, argues Jim Sinclair.
The euro, currently trading above US$1.33, is nowhere near the June 2010 low of $1.19, despite the current outlook for the euro being the worst ever.
Chinese support will no doubt come at a cost to Europe, just as European support of Greece comes at a cost to Greece.
I thank King World News and Jim Sinclair for this interview.
The euro, currently trading above US$1.33, is nowhere near the June 2010 low of $1.19, despite the current outlook for the euro being the worst ever.
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| Courtesy of OptionVue Systems |
Chinese support will no doubt come at a cost to Europe, just as European support of Greece comes at a cost to Greece.
I thank King World News and Jim Sinclair for this interview.
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