FX MARKET INSIGHTS
JUNE 28, 2010
Bloomberg
A REVIEW OF GLOBAL MACRO THEMES &
CURRENCY INVESTMENT STRATEGIES
by
MICHAEL R. ROSENBERG
(http://www.ssc.wisc.edu/~mchinn/fxmi_jun2010.pdf)
Rosenberg sees a long-term Euro weakness-
80-84 5-yr downtrend
85-91 7-yr uptrend till 1992 ERM crisis
92-2000 8-yr downtrend
2001-08 8-yr uptrend
2009-- ?-yr downtrend
My previous posts
"Thursday, 28 February 2008
The fate of Euro
Euro was born on 1999-Jan-1.
A 4 pillar analysis of this date of birth will see 2009 a bad year for Euro.
This is in line with my previous statement that $USD bulls will strike back by 2008 Winter
Time will tell "
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