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WSJ: Debt Politics Make Euro Trading More Political Then Economic

“In terms of relative fundamentals between the U.S. and Europe, it’s clear to me the euro should be quite lower,” said Stephen Jen, founder of SLJ Macro Partners LLP in London. Jen estimates that perhaps as much as 80% of the euro’s price movements are due to political factors. [...]

Read the original article on ‘The Wall Street Journal’ website.

Posted on the 16/02/2012 at 10:52am by SLJ Macro Partners LLP.

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