Friday, July 13, 2007

Currency Options Suggest Euro's Record Rally Versus Dollar to Accelerate

(Bloomberg) -- Currency options are suggesting that
euro will continue to strengthen to record highs against the
dollar as concern lingers that losses on debt backed by U.S.
subprime mortgages will slow the U.S. economy.

Premiums on options that grant the right to buy the 13-
nation common currency versus those giving the right to sell
jumped to the highest since April 26.


Read more at Bloomberg Currencies News

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