EUR/USD: Another record high for the Euro

14 March 2008 @ 03:20 am EDT

FXstreet.com (Barcelona) - The Euro has hit a fresh all time high at 1.5652 against the Dollar, and, According to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, US authorities are powerless against the dollar depreciation: "Another day, another new record high at 1.5652, and the US authorities increasingly powerless and clueless. The Euro is of course overbought but desperate times mean dramatic values and moves. At-the-money implied volatility should increase to 11.75%."

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