BNP is betting on a much lower dollar by early 2007 and considers any Euro dip as a buying opportunity. Their view is that the bond market is correct, not the Fed, and that we are headed for a hard landing, i.e a recession. I tend to agree and consider any long dollar trade as just that, a good trade this week, but be ready for a reversal at some point. I will update the charts over the weekend.
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on Friday, November 17, 2006 at 11/17/2006 02:24:00 PM.
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